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Flooring manufacturer James Halstead hiked its dividend after reporting a rise in annual profit and revenue, led by stronger growth in the UK.
For the year ended 30 September, pre-tax profit was up 16.9% to £51.3 million year-on-year and revenue rose 11.6% to £266.4 million.
'Our contracts across the globe continue to expand and, for example, we have been involved with many installations in the Lebanon where we have supplied product used in the repair and refurbishment of the ruined hospitals and buildings that were devastated following the Beirut Port explosion in August 2020,' the company said.
James Halstead declared a record final dividend of 11.0 pence, up 10% from a year earlier, taking the total dividend to 15.25p, up 7.0%.
'Currently, some three months into the new trading year, our sales are on a par with the record trading of the comparative period.'