StockMarketWire.com - Pre-tax profits at floorcoverings distributor Headlam fell by 10.1% to £9.1m in the six months to the end of June.

Revenues were up 0.3% at £280.4m but operating profit fell by 9.5% to £9.7m.

Group chief executive Tony Brewer said: "UK like for like revenue during July was broadly flat compared with July last year and the combined monthly performance from our businesses on the Continent was down by 4.8% on the previous year. Whilst August trading in the UK is showing a degree of improvement, it is a further illustration of the variable trading pattern experienced during the eight months of the year so far.

"Notwithstanding the current lack of visibility on the very important autumn trading period, the board are confident that subject to the group achieving a reasonable performance during the second six months of the year, the 2013 dividend will not be less than 2012."




Story provided by StockMarketWire.com