Lathams profits jump a quarter

James Latham Group has reported annual pre-tax profits to March 31 up 26% on the previous year.

The company's earnings were £7.1m compared to £5.6m in 2006/2007. Turnover was 18% ahead at £117.2m.

"The results show a good improvement on last year and the balance sheet still remains strong," said chairman Peter Latham.

Looking ahead, he said the company would continue to "focus on growing trade in value-added products, such as veneered board and acrylic stone products, where unit value and margins are higher".

Further details in next week's TTJ.