21 January 2021 | 09:45am
StockMarketWire.com - Floorcoverings distributor Headlam said it would reinstate dividend payments following the recovered in performance in the second-half of the year.
An initial nominal ordinary dividend would be declared at the company s final results announcement in March 2021 and further ordinary dividend will be declared at the interim results announcement in September 2021.
Revenue for 2020 was 15.3% below the prior year at £609.1 million, compared to 30.6% below for the first-half, the company said. The recovery was driven by the UK residential sector which performed exceptionally well despite the continuation of restrictions and further lockdown periods, and compensated for a significantly weaker commercial sector particularly in the UK, the company said.