Concrete group Readymix has reported a 25% increase in operating profits for the six months to the end of June. Operating profits were up from €8.1m to €10.1 for the first half of the year.
Turnover fell by 4.6% to €119.5m. But Readymix said that when adjusted for the sale of its landfill site, and the cessation of its road surfacing business last year, turnover was broadly flat.
The company board has declared an unchanged interim dividend of 1.65 cent per share.
Readymix said that with economic conditions favourable in its key markets, the performances of the concrete and aggregates business improved due to higher prices and strong volumes.
However, the performance of its building products business was mixed, with a strong performance in concrete blocks offset by lower volumes in flooring.
Readymix shares were up two cent to €2.41 in Dublin this evening.
