16th Jul 2014 10:44
LONDON (Alliance News) - Windows and doors maker Safestyle UK PLC Wednesday said it increased its profit in the first-half of its financial year, boosted by revenue growth and market share gains.
In a statement Wednesday, the company said profit growth in the six month period ended June 30 is expected to show good progress on the back of a strong underlying trading performance and improved margins.
Safestyle UK said revenue for the first-half will be around GBP68.3 million, up 8.9% on the GBP62.7 million reported for the same period a year earlier. The company said revenue was boosted by market shares gains in the period to 8.24%, from 7.85% as at December 2013.
The manufacturer and retailer said it remains "comfortable" with current market expectations for the full-year.
The company said it will release its interim results on September 18.
Safestyle UK shares were down 0.9% at 172.43 pence mid-morning Wednesday.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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