Clean reporting | Profit warnings | Reassurance
News covered here include delightfully clean results from a cash rich flooring manufacturer. Elsewhere, there were fantastic results from an energy supplier and a positive trading update from a brilliant engineering company supplying advanced testing and simulation products to the automotive sector. Unfortunately, a profit warning from one of our Bonkers Bargain opportunities saw the shares tumble. Read on here for this and other news. (Free to read)
James Halstead: not an adjustment in sight! James Halstead (AIM:JHD), the manufacturer and distributor of commercial flooring, announced delightfully clean full year results. For the year ended 30 June 2023 sales rose 4% to £303.6m while profit before tax was flat at £52.1m. That’s a decent result in the circumstances and it’s worth emphasising that those numbers are mercifully free of adjusting items! The earlier months of the year saw escalating energy and transportation costs, which thankfully improved over the second half. The breadth of projects the company supported stretches from The Media Centre for the Paris 2024 Olympics, Castlerock…