News blog
Walker Greenbank
- BY: Andrew Hore |
- POSTED: 29/11/2010 |
Furnishings supplier Walker Greenbank says that its full year profit will be much better than expected thanks to a strong autumn selling season.
Edison has increased its profit forecast for the year to January 2011 by 10% to £4.5m, against £2.4m last year. Stripping out exceptionals, pre-tax profit improved from £604,000 to £1.81m in the first half.
All the brands are doing well and there has been a strong recovery in the upmarket Zoffany brand. The fabric and wallpaper printing factories continue to benefit from strong demand.
At 44p a share, up 3.75p on the day, Walker Greenbank is valued at £26m. The shares are trading on less than eight times 2010-11 prospective earnings.
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|