WALKER GREENBANK PLC Interim Results

WALKER GREENBANK PLC Interim Results

Walker Greenbank PLC, the luxury interior furnishings Group whose brands include Sanderson, Morris & Co., Harlequin and Zoffany, is pleased to announce its interim results for the six month period ended 31 July 2011.

Highlights

  • Half year revenue up 11% to £37.4m (2010: £33.7m), with all brands performing well
  • Strong revenue growth in export markets including Russia, Japan and China
  • Profit from operations (before exceptional gain in 2010) up14% to £2.35m (2010: £2.06m)
  • Profit before tax of £2.04m (2010: £2.31m), up 13% before exceptional gain in 2010
  • Earnings per share of 2.61p (2010: 2.72p), up 26% before exceptional gain in 2010
  • Interim dividend increased to 0.20p (2010: 0.15p)

Terry Stannard, Walker Greenbank's Chairman, said: "With an expanding international customer base and strong product offering we have delivered excellent first half results and increased our interim dividend to 0.20p per share. Whilst there is uncertainty in the global economic environment, we continue to trade ahead of last year and are achieving strong growth in export markets. We enter the autumn selling period with confidence of achieving another strong full year performance."

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