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
9,698.52
17:09 25/04/24
-1.45%
-142.36
FTSE AIM 100
3,628.91
16:49 25/04/24
n/a
n/a
FTSE AIM 50
3,950.61
16:49 25/04/24
n/a
n/a
FTSE AIM All-Share
753.12
16:50 25/04/24
n/a
n/a
James Halstead
199.00p
16:35 25/04/24
-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.