UK's James Halstead gains on annual earnings growth, dividend hike
02/10/2023 13:28
** Shares of James Halstead Plc JHD.L rise as much as 1.9%
to 211p
** Flooring specialist posts a 5% rise in annual pretax
profit at 52.1 mln pounds ($63.3 mln); revenue grows 4% to 303.6
mln pounds for year ended June 30
** UK-based co proposes final dividend of 5.75p/share, up
4.5%
** Balance sheet shows 63 mln pound of cash and no debt, and
lease obligations of 7.2 mln pounds and pension deficit of 1.5
mln pounds
** Robust finances should see James Halstead through any
economic squall and able to feast upon any weakness among its
rivals - AJ Bell
** Stock up ~12% YTD
($1 = 0.8228 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))