Johnson Service Group shares surge as work wear business performs well

first_img Show Comments ▼ whatsapp laundry firm Johnson Service Group yesterday reported a 17 per cent increase in first half pre-tax profit yesterday benefiting from a strong performance from its work wear rental business.The company made an adjusted pre-tax profit of £6.2m in the six months to 30 June, up from £5.3m in the same period last year.“I am pleased with the performance of the group in the first half of the year and believe we are well placed for a successful second half,” executive chairman John Talbot said yesterday.Johnson Service said trading at its work wear rental business had been very strong, with operating profit rising by 13 per cent to £7.6m. The performance benefited from cost reduction programmes introduced in mid-2009 and “healthy” levels of profitability at Stalbridge Linen Services which supplies hotels, restaurants and caterers to events such as the Cheltenham horseracing festival. The group’s dry cleaning operations have also been restructured. The shares closed at up 18 per cent at 19p last night, valuing it at about £41m. More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Johnson Service Group shares surge as work wear business performs well Wednesday 1 September 2010 8:21 pm Share whatsapp KCS-content Tags: NULLlast_img

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