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James Halstead said 'modest growth' growth in turnover and profit had continued into the first five months of its new fiscal year amid a challenging UK backdrop.
The trading environment in the UK was challenging and across all markets large projects were keenly contested by all manufacturers, but trading was ahead of last year, the company said.
'Our cash balances remain robust although the new rules on accelerated quarterly UK corporation tax payments, with six instalments in the financial year, will mean a one-time effect of some £4m,' James Halstead said.
At 9:54am: (LON:JHD) James Halstead PLC share price was +6p at 510p