Building and hardware supplier SAL Limited has seen its sales income jump by 12 percent or more than $1 million for the six months ended August 31, compared to last year but management warned the company could see a slow down in sales during the second half of the fiscal year.

Sales for the period stood at $10.57 million while sales during the same period last year were $9.45 million. And looking at the bottom line, the company recorded a nearly ten percent gain with $1.04 million in income after operating, general and administrative expenses compared to some $942,000 for the same period a year ago.

The company did however realise a $382,628 gain on the sale of land last year which pushed net income to $1.32 million.

SAL president John Berg said in a report to shareholders that the positive trends the company had experienced in recent years had continued during the period which led the company to declare a dividend of $4.25 per common share.

But Mr. Berg continued: "Although our present position in the market is positive, I would caution that during the second six-month period of this fiscal year a general slowdown appears likely.

"While ongoing major projects and other works in hand will sustain our share of the market, it is anticipated that this will in all probability be in a diminished market," he said.

The company also reported that it was near completion on installation of a new lumber storage unit and additional improvements to plant and equipment in its manufacturing division had started and were ongoing.