Readymix, the Dublin-listed building materials group, expects a first-half pretax of about €6.9 million, compared with €9.6 million a year earlier.
Revenues are down 44 per cent over the period.
The company said it was rationalising its operations where it could, without losing market share. It said employee numbers have fallen by 10 per cent since the start of the year.
It expects very difficult trading conditions for the rest of 2009.
“A limited number of continuing infrastructure projects have not compensated for the collapse of demand from the housing and commercial sectors,” the company said.
Readymix will announce half-year results on August 18th.
