James Halstead plc (JHD.L), a London-based flooring products manufacturer, on Wednesday reported a decline in pre-tax profit for the fiscal year 2025, hurt by 4.7% weaker revenue.
Further, the company lifted dividend, and said its Board expects to make further progress in fiscal 2026.
On the London Stock Exchange, the shares were trading 2.41% lower at 145.90 pence.
Mark Halstead, Executive Chairman, said, "Despite headwinds in the commercial flooring sector it was a solid performance with a cash conversion rate of 1.23. Looking ahead, we have continuing product and process improvements and I, and the Board, remain confident that the future offers many opportunities and on-going profitable growth."
The Board proposed a final dividend of 6.05 pence, higher than 6.0 pence a year ago. The final dividend will be paid on December 12.
The total dividend for the year increased 3.5% to 8.80 pence from 8.50pence in the prior year, marking the firm's 49th consecutive year of increased dividend.
In fiscal 2025, profit before income tax declined to 55.14 million pounds from 56.22 million pounds in the previous year.
Profit for the year attributable to equity shareholders shrank to 40.61 million pounds from 41.52 million pounds in the prior year.
On a per share basis, earnings slipped to 9.7 pence from 10 pence a year ago.
Revenue declined to 261.97 million pounds from 274.88 million pounds in the prior year, primarily driven by headwinds in the European and APAC regions.
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