Building boom fuels Readymix profit rise

Concrete company Readymix reported a 25 per cent rise in half-year profits to €10

Concrete company Readymix reported a 25 per cent rise in half-year profits to €10.1 million on the back of favourable conditions in Ireland.

Turnover of €119.5 million is down 4.6 per cent compared to last year, but the group attributed the shortfall to the sale of its landfill site and the closure of its road-surfacing business.

The performance of the building products' business was mixed, with a strong performance in concrete blocks offset by lower volumes in flooring.

The company declared an unchanged interim dividend of 1.65 cents per share to be paid on October 6th.