StockMarketWire.com - Floorcoverings distributor Headlam reports revenues of £635.2m for the year to the end of December - 5.3% up on last time - with underlying operating profits rising 13.7% to £31.5m.

Earnings per share increased by 16.7% to 28.6p compared with last year's underlying result of 24.5p mainly as a result of the group's profit before tax of £30.3 million improving by 14.6% on last year's underlying profit before tax of £26.4 million.

The board is proposing to increase the final dividend by 15.5% from 10.65p to 12.30p resulting in a total dividend for the year of 17.50p, which represents an increase of 14.4% on 2013.

The final dividend, if approved by shareholders at the annual general meeting, will be paid on 1 July to shareholders on the register at close of business on 5 June.

Group chief executive Tony Brewer said: "The momentum created in the UK through the final quarter of 2014, has continued into January and February 2015 with 3.1% like for like growth over the two month period. "As we enter March, our UK businesses are well placed to take advantage of improving market conditions with a comprehensive array of product launches and marketing initiatives. "Whilst our businesses in Continental Europe continue to experience difficult markets, we are confident that the Group, overall, will achieve further progress during the year."


At 8:25am: [LON:HEAD] Headlam Group PLC share price was +6.75p at 455.5p



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