Decorator is back in black

UPMARKET decorating firm Walker Greenbank’s first-half pre-tax profit has more than quadrupled, driven by the strong sales of its mid-market wallpaper and fabrics, the company said yesterday.

The company declared its first interim dividend payment in 13 years, of 0.15p a share.

Walker Greenbank said it was confident of delivering a strong full-year performance as it sees growth momentum continuing.

Pre-tax profit for the six months to the end of July was £2.3m, compared with £600,000 a year ago.

Revenue was up 16 per cent at £33.7m, with sales of the company’s mid-market brands, Sanderson and Harlequin, particularly strong.

Shares were up 5.9 per cent to 40.5p on the Aim market yesterday.