Export market lifts James Halstead

James Halstead posted a rise in profits in the year to 31 December as the floor coverings specialist benefited from strong export orders.Pre-tax profits climbed by 9.1% from the same period the previous year to £18.5m, on revenues that were up by 15.2% at £106.1m.Revenue in Britain "held up very well" climbing by 3.5%, the company said, while overseas sales were up by 22.8%."Localised issues have given us problems but overall the global marketplace is solid and we continue at the forefront of commercial flooring specifications on new builds and in refurbishments," the company said.RG