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Howden Joinery reported an uptick in half-yearly profits driven by 'good' sales growth and improved gross margin.
For the six months ended 15 June, profit before tax rose to £78.1m from £68.8m a year earlier as revenue grew by 5.4% to £652.6m.
Gross profit margin rose to 61.9% from 61.3%, following a price increase in January and a more disciplined balance between volumes and price achieved in depots, the company said.
'We are encouraged by the start we have made to the year and, despite the economic uncertainties ahead, remain confident in our business model. With our peak trading period still ahead of us, we are on track with our plans for the year as a whole,' the company said.
At 9:19am: (LON:HWDN) Howden Joinery Group PLC share price was +27.4p at 533.8p