James Latham plc expects its margins for the first four months of the financial year to have improved year-on-year.
Chairman Peter Latham told shareholders at the company’s AGM that, during April to July, “sales are well ahead of the same period last year” and that results for the six months to September “are also expected to be ahead of last year”.
Mr Latham refused to speculate on the full results of the financial year saying “it is too early…to be sure of the final result”, although he did say that it was unlikely that gains driven by price increases will continue into the second half of the year.
James Latham is also planning to expand its core timber distribution business according to Mr Latham, including developing existing depots and creating new facilities.
