Arnold Laver in 3% profits rise

The Sheffield-based company said its turnover for the six months ended June 30, 2012 was £98m – down 1% on the previous year.

“This relatively strong performance in a weakened market was, in part, a result of the success seen in supplying materials to contractors working on the Olympics,” it said.

“However, during the next 12 months we know the market will be very tough. “But we are looking forward to the introduction of the EUTR, as this is another step to us all playing on a level playing field, just like the Olympic build.”

Arnold Laver has been investing in product development in the face of the housebuilding downturn, which has affected sales of traditional timber producs.