IN BRIEF: Headlam lifts yearly dividend on double-digit rise in profit
8th Mar 2023 13:52
Headlam Group PLC - Birmingham, England-based floor coverings distributor - Posts revenue of GBP663.6 million for 2022, down slightly by 0.5% from GBP667.2 million a year earlier. Says revenue is maintained despite "very challenging industry headwinds, reflecting revenue development actions and support from product price increases". Pretax profit jumps by 51% to GBP41.8 million form GBP27.6 million, as operating profit increases by 51% to GBP43.9 million from GBP29.1 million in 2021. Underlying pretax profit is up 3.6% to GBP37.1 million from GBP35.8 million. Declares a total dividend of 17.4 pence per share, up 6.1% from 16.4p the year prior. Looking ahead, says trading is "in line with market expectations for 2023." Read More