Home / Knowledge / News / Textiles / Textile Rental continues to win new accounts, Johnson Service

Textile Rental continues to win new accounts, Johnson Service

09
Sep '09
John Talbot, Executive Chairman of Johnson Service Group
Johnson Service Group PLC, the textile services and facilities management Group announces its interim results for the half year ended 30 June 2009.

Overview
• Traded well in challenging market conditions
• Adjusted operating profit of £7.5 million (June 2008: £7.7 million)*
• Adjusted profit before tax of £4.8 million (June 2008: £0.4 million)**
• Adjusted earnings per share of 1.3 pence (June 2008: 0.4 pence)**
• Net debt reduced to £75.5 million (December 2008: £78.5 million)
• Stalbridge Linen returned to profit
• Johnson Cleaners has performed ahead of our expectations
• A good first half in terms of new contract wins for SGP
• Resumption of dividend payments – interim dividend of 0.25p

For Financial Summary Click here.

John Talbot, Executive Chairman of Johnson Service Group, commented:“I am pleased to report that we have traded well in the first half of the year in challenging market conditions.
Our Textile Rental division is robust and has continued to win new accounts. We are delighted that Stalbridge Linen Services has reported a small adjusted operating profit."

"The Drycleaning division has performed ahead of our expectations, despite the depressed state of the High Street, as we continue to manage costs and invest in GreenEarth stores. SGP, in the Facilities Management division has had a good first half in terms of new contract wins, although there has been no upturn from Agency or Capital projects."

"Despite the challenges of the economy both on us directly and indirectly through our customers, the Board is confident in achieving a satisfactory result for the year.”

Johnson Service Group PLC


Must ReadView All

Pic: Shutterstock

Textiles | On 20th Oct 2020

US, Brazil update agreement on trade, economic cooperation

The United States and Brazil yesterday signed a new protocol relating ...

Pic: Shutterstock

Textiles | On 20th Oct 2020

China building more competitive mulberry silk industry

China is striving to build a more competitive mulberry silk industry...

Pic: Shutterstock

Textiles | On 20th Oct 2020

CBN invests N120 bn to revive Nigeria's textile sector

The Central Bank of Nigeria (CBN) recently said it had invested over...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Cindy McNaull, Cordura

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Top executives, Fashion houses, India

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Christiane Thies,

Christiane Thies

Founded in 1892, Thies has concentrated on the fabrication of high-quality ...

Laksheeta Govil,

Laksheeta Govil

Founded in 2014, Fizzy Goblet is a Delhi / NCR based handcrafted leather...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Kevin Nelson, TissueGen

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

<span style="font-size: 12px;">Designer Suman Nathwani talks about her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search