Concrete products group Readymix has said it made a €3.8m trading loss in the first three months of this year, broadly in line with the same period last year.
The loss came as revenue slumped 31% from a year earlier. Readymix said this was partly due to lower sales volumes for all of its products but it said prices were also continuing to drop in what it called an 'exceptionally competitive' market.
The figures were issued to coincide with the company's AGM in Dublin today. Readymix said it expected revenues to continue falling for the rest of the year.
