Heath heading for a downturn
12 April 2012
SAMUEL Heath & Sons, the maker of upmarket bathroom fittings, was £47,000 off last year's interim pre-tax profit of £595,000 and forecast it will be down on the year.
'It is fashionable to blame the dreadful events of 11 September, but we do not supply trades directly affected by this catastrophe, and have suffered only from the general downturn,' said chairman Sam Heath.
Sales rose nearly 12% to £6.4m. Earnings per share were down 1p to 14.4p but the dividend was held at 5p a share.
