6th Nov 2013 12:53
LONDON (Alliance News) - Heath(Samuel) & Sons PLC Wednesday said pretax profit increased in its first-half as sales rose higher than expectations.
The bathroom fittings design and manufacture company said pretax profit increased four-fold to GBP326,000 for the six months ended September 30 from GBP77,000 in the same period the previous year.
Heath & Sons said its sales increased 7.8% to GBP5.5 million from GBP5.1 million the previous year as sales rose more than the company expected despite large disparities between the level of sales in each of the company's product ranges.
The company also said that due to strong net assets it has declared a dividend of 5.5 pence per share.
Heath(Samuel) & Sons shares were untraded at 250.00 pence Wednesday.
By Tom McIvor; [email protected]; @TomMcIvor1
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