Readymix, the building materials company, today reported €22.5 million in pre-tax profits, an increase of 4.2 per cent for 2003.
Sales increased by 10.4 per cent to €231.5 million in what the company described as a "challenging year".
The company said the strengthening of the euro against sterling had a negative effect on profit of €0.7 million.
The company increased its full-year dividend per share to 7.05 cents from 6.71 cents.
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Readymix said it completed its structural reorganisation and that cost control continues to be a priority.