James Halstead results hit by strong pound, remains confident with outlook
Commercial flooring manufacturer and distributor James Halstead said the strength of the sterling has hurt its second-half of the year.
Construction & Materials
9,817.42
11:09 26/04/24
1.23%
118.90
FTSE AIM 100
3,645.42
11:15 26/04/24
n/a
n/a
FTSE AIM 50
3,965.59
11:15 26/04/24
n/a
n/a
FTSE AIM All-Share
755.98
11:15 26/04/24
n/a
n/a
James Halstead
200.00p
10:24 26/04/24
0.50%
1.00p
However, the group remains confident with its progress, with full-year pre-tax profits expected to be ahead of last year to their highest level in the company's history.
First-half turnover was 5.7% higher than at the same time last year, but the group added it faced challenges during the second-half due to the strength of the currency.
Shares in James Halstead were down 1.29% to 420.25p on 1527 BST.