Bed maker profits rise and shine
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Silentnight Holdings, the bed manufacturer, saw profits rise by 29 per cent to pounds 14.3m last year boosted by strong sales in its core UK market and its growing business in the United States. The shares rose 10 per cent to 328p on the news.
Bill Simpson, chief executive, said: "It is the group's continued aim to maintain its strong position in the UK bed market, to grow its share of the UK cabinet market and to grow its bed business in North America both organically and by acquisition when suitable opportunities present themselves."
He added that he expected a more normal rate of sales growth in the bed market this year whilst the company had planned for further growth in the cabinet business.
Group sales rose from pounds 189m to pounds 212m in the year to 1 February. The dividend was increased by 25 per cent to 10p a share.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments