Distributor warns that strong half-year results may not be sustainable.
Product supplier James Latham has exceeded its predictions for the six months to 30 September, with turnover up 10.8% to 拢60.3m. Pre-tax profits rose 35.3% to almost 拢2.8m.
Latham said that its timber and panel products distribution business, Lathams Ltd, 鈥渆ncountered more difficult trading conditions compared to last year,鈥� while its ceiling, drylining and partitioning systems business, Nevill Long, improved both its market share and its margins in the same six months.
In a statement earlier in the month Latham said that it expected the second six months of the year to be tough, saying: 鈥淭rading is expected to be less buoyant in the second six months due to a tighter current UK economic environment but the outcome for the full year is expected to meet the Company's broker's forecast.鈥�
