Many of the smaller companies we follow are still dominated by the founders and family. It’s clear that these have adopted a more sensible attitude to debt than many of their larger peers and are better prepared for the current situation.
James Halstead: impresses with its fortress like balance sheet and commitment to a dividend
Manufacturer of commercial floor coverings, James Halstead (LON:JHD), has announced record 1st half results and, as a preferred supplier to the health service, its products continue to be in high demand.
For the 6 months ending 31 December 2019 sales rose 3.7% to £130.4m, pre-tax profit was up 2.8% to £25.2m and basic earnings per share increased 4.1% to 9.5p. The operating…
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