The wood materials distributor proposed a total dividend of
The company posted a pretax profit of
Revenue growth was driven by increased volumes in its ex-warehouse and direct business, as well as a strong performance from its Timber business. Timber and panel prices were steady throughout the year, it said.
Sales of Focus panel products rose 11% over the year, and commodity plywood sales also grew significantly.
James Latham said that it had seen a steady start to the new year, with revenues up 6% in April and May compared to the previous year in its panels and timber business. The company said this was a sign of customer confidence, which supports cautious optimism despite lingering uncertainty about future market conditions.
It also noted an increased demand in joinery and shop-fitting sectors for its core timber products, and also noted that mild weather had helped boost sales of decking and cladding products.
The panels market remains competitive, James Latham said, as supply of medium-density fibreboard continued to outweigh demand.
Shares in James Latham were trading down 1.9% at
Most Popular Stories
- Small-Business Loans Fueling Economic Growth
- Gasoline Costs Drive Consumer Price Increases
- Tesco Head Steps Down After Profit Warning
- Illegal Immigration Near Historic Low, Despite What You May Have Heard
- Want a Job? Try Minneapolis
- Comic-Con Offers Toy Designers a Chance to Go Wild
- Russians Fed Steady Diet of Conspiracy Theories
- Google Chrome Bug Draining Batteries: Report
- Saudi Arabia Will Open Stock Market to Foreigners
- Startup Makes It Easier to Buy American