Heiton reports 16% rise in half-year profits

Heiton Holdings today announced a 16 per cent rise in pre-tax profits to euro 11.8 million (£9.3 million) for the six months ending October 2000.

This compares to euro 10.18 million for the same period last year. Heiton also recorded a 21.8 per cent increase in earnings per share (EPS) at 21 cents, up from 17.2 cents last year.

The group declared an interim dividend of 5.8 cents, a 22 per cent increase.

Commenting on the results, chief executive Mr Leo Martin said the interim results demonstrate the ongoing success of the group’s strategy.

He added the group was currently integrating the Heiton/Buckley brands and two more Atlantic Homecare stores were due to open by the end of this financial year.

But he described the performance in Britain as disappointing due to adverse market conditions. He said trading there remains a challenge adding that growth is forecast to improve.