Concrete products group Readymix has said its pre-tax profits almost halved in the first half of this year to €16.3m.
Sales were flat at €119m. Profits last year were boosted by the sale of property. When this was stripped out, operating profits were 10% lower at €9m.
The company said the housing slowdown in the Republic had affected concrete sales and put pressure on prices, though it said spending on infrastructure had helped to partly offset this. It said prices had been stable and volumes weak in Northern Ireland.
Readymix said negotiations on the sale of parts of its concrete products business were continuing.
The interim dividend is unchanged at 1.65 cent.
Readymix shares closed down 18 cent on the ISEQ in Dublin at €1.99.
