UK's Headlam Reports Higher Revenues, Profits

Birmingham, England, Aug. 22, 2011 -- Pre-tax profits have increased more than 17% at Birmingham floorcovering specialist Headlam.

In its results for the six months, the company said profit before tax stood at $16.3 million, compared with $13.8 million a year ago.

The company attributed the rise in part to continual product development and strong marketing activity.

Sales increased 5.5% to $443 million for the six-month period.

Headlam was helped by strong UK sales, but said results were hurt slightly by a slower Swiss market.

Other markets were stable.