James Halstead, the international industrial flooring company, has reported a 4% revenue increase to GBP303.6 million, alongside a slight uptick in pretax profit to GBP52.099 million for its fiscal year 2023. The company's strong performance, despite inflationary pressures, has led to record profits and earnings per share.
The robust demand across key markets significantly contributed to the firm's success this year. The board responded to this positive outcome by proposing a final dividend of 5.75 pence per share, which is an increase from last year's dividend of 5.50 pence.
James Halstead generates approximately 60%-65% of its turnover overseas. The company attributes its strong performance to its robust balance sheet, proven business model, and improved global shipping availability.
With the successful results from the current fiscal year, the company expressed optimism regarding future prospects and group-wide progress.
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