James Halstead PLC Pre Close Trading Statement (3858V)
January 30 2017 - 2:00AM
UK Regulatory
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RNS Number : 3858V
James Halstead PLC
30 January 2017
30 January 2017
JAMES HALSTEAD PLC
Pre Close Trading Statement
James Halstead plc, the commercial flooring manufacturer and
distributor, is providing the following trading update ahead of its
interim results for the half-year to 31 December 2016.
In his AGM trading update, on 2 December 2016, Mr. Geoffrey
Halstead noted that trading to date had been challenging and making
progress against the comparative half-year would be difficult. In
addition, the Chairman commented on raw material shortages and
price increases following supply chain problems.
Turnover has increased by some 3-4%, boosted by a confident
December and profit is in line with expectations. The raw material
issues have ameliorated to a degree and major retailer contracts
continue with customers such as Vodafone, Co-op Retail, Specsavers
and Premier Inn.
Confidence in the full year is unchanged and remains
positive.
Enquiries:
James Halstead 0161 767 2500
Mark Halstead, Chief
Executive
Gordon Oliver, Finance
Director
Hudson Sandler 020 7796 4133
Michael Sandler, Nick
Lyon, Jocelyn Spottiswoode
Panmure Gordon (Nomad
and Joint Broker) 020 7886 2500
Ben Thorne
Andrew Potts
Arden Partners (Joint
Broker)
Chris Hardie 020 7614 5900
This information is provided by RNS
The company news service from the London Stock Exchange
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January 30, 2017 02:00 ET (07:00 GMT)