SAFESTYLE has recorded a 12.8 per cent increase in its revenue to £83.5 million for the first six months of the year.

The Bradford-based company, which makes and installs PVCu windows and doors, posted record results which also included an 11.9 per cent rise in gross profit to £28.2m for the first sixth months ending June 30 this year. The figure for the same period for 2015 was £25.2m.

Safestyle also reported a ten per cent increase in its market share, up from 9.5 per cent at the end of last year.

The company has an interim dividend of 3.75 pence per share, a 10.3 per cent rise, to be paid on October 31 this year.

The volume of frames installed increased by 5.7 per cent to 149,742, from 141,712 last year. Average unit sales price is up by 4.7 per cent to £556, up from £531 in 2015.

Its leads generated from online marketing increased by 26 per cent to 39,118, up from 31,095 in the first half of last year.

Safestyle, which started in 1992, also has a pre-tax operating cash flow of £9.8m.

Its gross margin has increased to 33.7 per cent from 34.1 per cent during the same time last year.

Safestyle UK chief executive Steve Birmingham said: "I am pleased to report that Safestyle UK has delivered another record performance in the first half of 2016 in which our revenue, market share and profit all increased.

"We have continued to build on the positive momentum generated last year and the group's cash conversion and balance sheet remain strong. "Furthermore, we continue to execute on our strategy of increasing market share and expanding geographically, with new sales branches opened in Guildford and Norwich.

"We have entered the second half of 2016 in a strong position and the board remains confident of making further progress and delivering a full year outturn in line with management expectations."

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