William Sinclair Says 1st Half Trade Strong; Maintains Interim Divi

Horticulture specialist William Sinclair Holdings PLC (SNCL.LN) Monday reported strong first-half trading, helped by people choosing to grow their own food, and said it is maintaining its interim dividend.

For the six months ended March 31, the firm posted sales of GBP22.3 million, which it said was a record for comparable periods.

It didn't provide directly comparable figures, due to a change to its year-end.

It made a first-half operating profit of GBP184,000 compared with an operating loss of GBP236,000 for the nine months to March 31 2008.

The firm, whose customers include U.K. supermarket Tesco (TSCO.LN), said it is confident of future prospects as the U.K. recession seems to have increased demand for garden consumables as people spend more time in their gardens.

Company Web site: www.william-sinclair.co.uk

-By Hannah Benjamin, Dow Jones Newswires; 44-20-7842-9298; hannah.benjamin@dowjones.com

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