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…
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