Joinery group sees revenues secured at more than £550m
Revenues are up in Howdens Joinery Group’s half year results, but pre-tax profits dipped, affected by exchange rate movements and the cost of growth.
Revenues for the 24 weeks to 10 June 2017 rose to £553m, up from £528.9 in the same period the year before.
Pre-tax profits for the half year dipped to £65.6m, from £74.8m in 2016.
It blamed “adverse currency movements and inflationary pressures” with one third of its cost of goods sold being denominated in euros or US dollars.
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