6 March 2018 – final results
The floorcoverings distributor has released solid figures for 2017. Total revenue was £707.8m (2016: £693.6m) and underlying profit before tax increased by 7.5% to £43.1m (2016: £40.1m). Basic earnings per share increased by 6.3% to 39.1p (2016: 36.8p) Total dividends for the year were increased by 10.0% to 24.80p per share (2016: 22.55p). Net cash slipped to £35.3m from £52.6m a year earlier but we keep our BUY rating.