James Halstead, the international vinyl flooring manufacturer, has issued a pre close update confirming that it is trading in-line. We are forecasting revenues to increase from £236m (FY16E) vs £227m (FY15) and PBT £45.4m (FY16E) vs £44.2m (FY16E). Following the payment of the special dividend we anticipate cash modestly contracts (£42.4m vs £49.5m).
