StockMarketWire.com - Europe floorcoverings distributor Headlam Group posts operating profits of £29.3m for the year to the end of December - 4.5% up on last time.

Revenues were 2.8% higher at £585.98m and pre-tax profits rose by 3.2% to £28.5m.

Basic earnings per share rose by 4.9% to 25.8p and the dividend is increased by the same percentage to 14.85p.

Group chief executive Tony Brewer said: "The continued challenging market conditions combined with unfavourable weather has culminated in a slightly disappointing start to 2013.

"Notwithstanding this, the board are confident that the operating strategy and group structure will enable the business to continue to deliver progress in its respective markets over the longer term."








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