10 October 2024 - trading uodate
We last commented on the kitchen and bathroom products group after its AGM in July when we rated the shares as a buy at 230.5p. The trading statement released today which covers the six month period to 30 September has shown that the group has put up a resilient performance despite difficult trading conditions. On a like-for-like basis, which excludes Johnson Tiles UK which was sold in May, revenues for the period were at a similar level to last year with a slight increase in the UK cancelling out a slight loss . . .
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