UK’s Headlam 1H Earnings Up

London, England, September 11, 2007--Flooring distributor Headlam had a 5.4% increase in pre-tax profit during the first half and said it is well positioned going into the traditionally busy autumn selling period, according to Sharecast.

Profit before tax for the six months ended 30 June hit £20.74m, up from £19.74m a year earlier, on sales 5.5% higher at £259.08m.

“During 2007, the group has enjoyed a progressively improving sales trend and we are well positioned entering the traditionally busy autumn selling period,” said boss Tony Brewer.

The interim dividend of 5.35p per share represents an increase of 10.3% on the corrsponding payout last year.