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Highlights

  • Profitability increases: Operating profit rises to £27.1 million, with pre-tax profit reaching £28.5 million.

  • Dividend boost: Interim dividend increased to 2.75p per share, up from 2.50p in 2023.

  • Global expansion: Improved presence in South America and investment in UK production facilities.

James Halstead plc (LSE:JHD), the flooring manufacturer and international distributor, has reported its financial results for the six months ending December 31, 2024. While revenue dipped slightly to £130.1 million from £136.5 million in the previous year, the company achieved higher profits and increased its dividend payout.

The company’s operating profit climbed to £27.1 million, up from £26.2 million in 2023, while pre-tax profit saw a year-on-year rise to £28.5 million. Basic earnings per ordinary share increased to 5.0p from 4.8p. In a positive move for shareholders, James Halstead announced an interim dividend of 2.75p per share, compared to 2.50p last year. The company also reported a cash position of £63.7 million, up from £62.4 million in 2023.

Strategic Investments and Global Growth

The company successfully completed capital expenditure projects at its Teesside and Radcliffe sites, upgrading production capabilities to improve efficiency and meet growing demand. These enhancements reinforce James Halstead’s commitment to maintaining its competitive edge in the flooring industry.

On the international front, James Halstead continued expanding its presence in South America, attending multiple trade exhibitions to improve its foothold in the region. This strategy aligns with the company’s long-term vision of increasing its global market share.

Adding to its achievements, the company’s Recofloor initiative, which focuses on sustainable flooring recycling, earned a Gold Award at 'The Green Apple Environment Awards.' This recognition underscores James Halstead’s dedication to environmental sustainability and innovation in the flooring sector.