James Halstead ( (GB:JHD) ) has issued an update.
James Halstead PLC reported strong profitability for the first half of the fiscal year ending December 31, 2024, despite a 4.7% drop in revenue to £130.1 million. The company achieved a 3.9% increase in pre-tax profit to £28.5 million, driven by improved margins and reduced overheads. The interim dividend was raised to 2.75p per share. Operational highlights included completed upgrades at Teesside and Radcliffe sites and participation in South American trade exhibitions. The company faced challenges in Europe and Australia due to reduced government spending and consumer confidence but saw growth in North America and Southeast Asia. The company remains optimistic about medium-term prospects despite short-term challenges in Europe.
More about James Halstead
James Halstead PLC is a UK-based manufacturer and global supplier of flooring solutions for both commercial and domestic purposes. The company distributes its products across the UK, Europe, Scandinavia, Australasia, North America, and Asia, exporting to nearly every country worldwide. Known for its brands like Polyflor, Palettone, and Expona, James Halstead focuses on quality, innovation, and durability, aiming to maintain goodwill and achieve repeat business. Founded in 1915 and listed on the London Stock Exchange since 1948, the company has a long-standing commitment to process improvement and product development.
YTD Price Performance: -14.74%
Average Trading Volume: 281,347
Technical Sentiment Signal: Buy
Current Market Cap: £619.5M
See more data about JHD stock on TipRanks’ Stock Analysis page.