IN BRIEF: James Halstead reiterates positive growth forecast
James Halstead PLC - Manchester-based commercial flooring manufacturer and distributor - Retains a confident outlook ahead of its interim results for the six-months ended December 31. In early December, Chair Anthony Wild said that the company had been impacted by challenging energy and raw material costs, as well as a downturn in the availability of international shipping from the UK. However, Wild said that the company expects revenues to be around 8% to 9% ahead of the GBP149.6 million earned in the six months to December 2022. James Halstead has now reiterated this guidance, adding that profits are expected to be between 15% and 20% ahead of the same interim period for the 2022 financial year, in which it achieved GBP23.2 million in pretax profit. Read More