12th Nov 2020 12:10
James Halstead PLC - Manchester-based flooring products manufacturer - Says while trading environment in the UK remains challenging and Covid-19 disruption remains across all its markets, it has seen an improvement in trading in the first four months of financial 2021.
Notes that trading for the first three months ended September showed "solid progress", with sales returning to levels seen last year, adding it has continued to notice this trend until the end of October. Highlights profit is in line with last year despite increased manufacturing costs. Positively, notes that during the the second UK lockdown, a larger number of its customers have remained open.
Separately, James Halstead says it has acquired Malaysian distribution business Polyflor Martex but did not disclose any financial details of the deal.
Current stock price: 476.00p
Year-to-date change: down 12%
By Ife Taiwo; [email protected]
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