UK's James Halstead rises on higher annual profit
01/10/2024 08:58
** Shares of James Halstead JHD.L up 1.7% at 180p
** UK's largest commercial flooring manufacturer reports a
7.9% jump in annual pretax profit, despite down 9.4% drop in
revenue due to UK, Europe headwinds
** Panmure Liberum analysts cite "healthy performances in
the Middle East and the Americas, increased productivity and
ongoing cost management"
** Co says its prospects continue to look positive and it is
confident for the financial year ahead
** JHD shares have fallen about 13% YTD
(Reporting by Yamini Kalia in Bengaluru)
((Yamini.Kalia@thomsonreuters.com;))