Readymix has announced a trading loss of €4.2m before taxes for the first quarter of 2011, compared to a loss of €3.8m the same time last year.
In an interim management statement issued ahead of its AGM today, the company said that revenues have fallen by 27% compared to the first quarter of 2010 - mainly due to a drop in volumes across all products.
'In an exceptionally competitive market, prices across a number of our key product lines also continue to come under increasing pressure,' the company stated.
Readymix said that for the rest of 2011, it expects revenues to continue to fall due to continuing poor volumes and ongoing pressure on prices in all of its product markets.
