Business
Half Yearly Report
Half Yearly Report.
About this update from Headlam Group Plc
[{"type":"text","content":"\n \nRNS Number : 2920Q Headlam Group PLC 29 August 2014 \n \n\n \n29 August 2014\n \nInterim Financial Results for the six month period ended 30 June 2014\nHeadlam Group plc (\"Headlam\"), Europe's leading floorcoverings distributor, announces its Interim Financial Results for the six months ended 30 June 2014.\n \nFinancial highlights\n\n\n\n\n\n\n\n2014\n£000\n\n\n2013\n£000\n\n\nChange\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue\n\n\n301,580\n\n\n280,385\n\n\n+7.6%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOperating profit\n\n\n11,331\n\n\n9,738\n\n\n+16.4%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nProfit before tax\n\n\n10,759\n\n\n9,076\n\n\n+18.5%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBasic earnings per share\n\n\n10.2p\n\n\n8.4p\n\n\n+21.4%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nDividend per share\n\n\n5.20p\n\n\n4.65p\n\n\n+11.8%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nKey points \n \n· Further market gains in the UK with revenue increasing by 7.9% on a like for like basis\n \n· Continental European contribution to group operating profit improved\n \n· Basic earnings per share up by 21.4 %\n \n· Interim dividend increased by 11.8% to 5.2p\n \n· Increase in net funds to £11.7 million compared with £4.8 million at 30 June 2013\n \n \nTony Brewer, Headlam's Group Chief Executive, said:\n \n\"The particularly positive performance for the first six months, due in part to improved market conditions, is principally as a result of the various business initiatives combined with the efforts of management, sales representatives and all employees.\n \nThe momentum created during the first half as a result of these factors has continued into July and August and is evident in both the commercial and residential sectors. Assuming that normal seasonality in the ...