Halstead buoyed by newvinyl floors
Wednesday 04 October 1995
A new generation of vinyl floor products and increased overseas sales helped motorcycle to commercial flooring company James Halstead continue its unbroken profit record.
The group overcame further pressure from raw material price increases to post a 4.3 per cent rise in pre-tax profit to pounds 10.32m for the year to end-October. Turnover rose from pounds 69m to pounds 72m. Vincent Clare, chairman, said a squeeze on margins in a competitive commercial flooring market had been offset by the upswing in export volume for its PVC flooring. Export business grew by 19 per cent and accounts for nearly half of sales, with flooring accounting for 17 per cent.
Polyfloor Australia, a core business, increased sales by 30 per cent on the back of the new vinyl product ranges, an improved distribution network and sales outlets in Brisbane, Sydney, Melbourne and Perth.
The group's outdoor clothing division, Driza-Bone, put on sales in the US, UK, Germany and France and remained profitable despite a margin squeeze caused by cotton shortages. The core of the company's camping business also remained resilient, particularly in Holland, Belgium and France. But there was a mediocre performance in the UK, where competition from cheap package holidays hit sales. Earnings per share rose from 21.68p to 22.75p and the final dividend of 5.5 raised the total for the year to 8.5p.
- 1 If you weren't afraid of flying before last week... you probably are now
- 2 Israel-Gaza conflict: The secret report that helps Israelis to hide facts
- 3 Students offered grants if they tweet pro-Israeli propaganda
- 4 Lauren Goodger calls for tougher laws on revenge porn after sex tape leaks online
- 5 Iraq crisis: End 'very near' for Christianity after Isis takeover, says Bishop
Israel-Gaza conflict: The secret report that helps Israelis to hide facts
A day in the life of Vladimir Putin: The dictator in his labyrinth
Opponents of Israel's military operation in Gaza are the real enemies of Middle Eastern peace
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Were 'Poor Doors' added to mixed developments so wealthy residents don't have to go in alongside social housing tenants?
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
iJobs Money & Business
£40000 - £45000 per annum: Ashdown Group: An established professional services...
£600 - £650 per day: Orgtel: Conduct Risk Liaison Manager - Banking - London -...
£18000 - £23000 per annum + Comission: SThree: SThree, International Recruitme...
£280 - £300 per day + competitive: Orgtel: Test Analyst, Edinburgh, Credit Ris...