27th Sep 2018 11:39
LONDON (Alliance News) - Mountfield Group PLC said Thursday that first half pretax profit more than doubled due to acceleration in performance of both flooring and construction services divisions.
The UK listed company also said that it expects to record a year-on-year improvement in annual performance and that it has secured orders in excess of last year.
For the six months ended June 30, Mountfield recorded pretax profit of GBP694,617, compared with pretax profit of GBP305,019 in the year ago period, on a revenue of GBP8.9 million and GBP5.7 million, respectively.
The flooring unit, Connaught Access Flooring Ltd, generated turnover of GBP5.1 million in the first half, up from GBP4.4 million. Pretax profit totaled GBP392,00, broadly consistent with previous year period profit of GBP408,000.
The construction unit, Mountfield Building Group Ltd, generated pretax profit of GBP456,000 versus GBP44,000, on turnover of GBP3.8 million and GBP1.3 million, respectively.
Shares in the company were trading 2.1% higher at 1.94 pence each.
Related Shares:
MOGP.L