James Halstead (AIM:JHD) record results and another lifted dividend
The flooring kings announced record results for the year ending 30th June 2015 and yet another increase in the dividend. With cash accumulating we still think there might be room for a special dividend!
Turnover grew a modest 1.7% to £227.3m to a new record in the Group’s 100 year history as profit before tax up 5.8% to £44.2m. Operating profit of £44.7m resulted in an operating cash inflow of £42m and free cash flow of £30m. After dividend payments totalling £21m year-end net cash was £47.2m compared with £38.4m at 30th June 2014. The final dividend was raised 12.3% to 7.858p bringing the total dividend to 11.0p an increase of 10.0% on 2014. The UK business drove performance growing 10% and Europe, which represents 40% of the overall, also grew 5% in local…