Latham(James) PLC AGM Statement (8005J)
August 21 2019 - 7:30AM
UK Regulatory
TIDMLTHM
RNS Number : 8005J
Latham(James) PLC
21 August 2019
James Latham plc (the "Company")
Statement to the 2019 AGM
The Directors intend to issue the following statement to
shareholders attending today's AGM:
Like for like revenue for the first four months of the current
financial year, namely April to July 2019, is 4.8% higher than for
the same period last year. We are pleased with the progress being
made at Abbey Woods, our Irish timber distributor.
Volumes during the period have improved slightly, with a good
increase in our added value products outweighing the loss of some
lower value commodity panel products. It is encouraging that
margins have improved compared to the second half of 2018/9. We
have continued to see some weakening in cost prices of commodity
products, but this is partly off set against the weakness of
sterling against the euro and dollar.
Most of our customers remain positive, however we are mindful of
weakening economic indicators and the further impact that Brexit
may have on the economy, but we are confident that we remain in a
strong position to deal with these challenges.
It is very encouraging to see increasing specification of our
products from architects and designers and we expect this to
continue to provide growth opportunities.
The Company's cash reserves remain strong, with bad debts
remaining at a low level.
The Company's interim results for the six months ending 30
September 2019 will be announced on 28 November 2019.
For further information please visit www.lathams.co.uk or
contact:
James Latham plc Tel: 01442 849
100
Nick Latham, Chairman
David Dunmow, Finance Director
S P Angel Corporate Finance Tel: 020 3470
LLP 0470
Nominated Adviser and Broker
Matthew Johnson / Charlie Bouverat
Abigail Wayne
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
AGMUASRRKVAWUAR
(END) Dow Jones Newswires
August 21, 2019 07:30 ET (11:30 GMT)
Latham (james) (LSE:LTHM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Latham (james) (LSE:LTHM)
Historical Stock Chart
From Apr 2023 to Apr 2024