Bury-based commercial flooring company James Halstead has reported a drop in revenues, blaming ‘pandemic disruption’.
The listed firm said it was “on track to be our best ever” year, before the pandemic “challenged our teams across the world”.
Revenue dipped 5.7 per cent from £253m to £238.6m for the year ended June 30.
Pre-tax profit dropped 9.2 per cent, from £48.3m in 2019 to £43.9m.
Chief executive Mark Halstead said: “We undertook many notable projects as diverse as the renovation of Moscow subway trains and NATO barracks in Lithuania.
“The year started with dealing with the effects of a major production line breakdown through to a record half year in terms of sales and profit followed by a final three months of pandemic disruption.
“Against the backdrop I rate our team’s performance as five star.”
In March, the company said it was pivoting to the healthcare market after it reported a half-year rise in profit and revenue.
