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LTHM Latham (james) Plc

1,235.00
0.00 (0.00%)
28 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Latham (james) Plc LSE:LTHM London Ordinary Share GB00B04NP100 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,235.00 1,210.00 1,260.00 1,235.00 1,235.00 1,235.00 6,410 07:36:19
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Wood Products, Nec 408.37M 35.92M 1.7849 6.92 248.52M

Latham(James) PLC Trading Statement

28/03/2024 7:00am

RNS Regulatory News


RNS Number : 5782I
Latham(James) PLC
28 March 2024
 

James Latham PLC

 

("James Latham" or the "Company")

 

 

Trading Statement

 

The Board of James Latham provides the following trading statement ahead of the Company's results for the year ended 31 March 2024.

 

Revenue for the year to 31 March 2024 remains in line with market expectations. Cost prices of both timber and panels are relatively stable. The ongoing issues affecting shipping in the Red Sea have caused some delays and increased costs for some of our imported products, although this is currently not causing concern. Sales volumes are very similar to the previous year.

 

Overheads have been well controlled but are slightly higher due to inflationary increases and our continuing investment in our depots to improve service levels. We anticipate that our profit before tax will be in line with market expectations. The Company's balance sheet and cash balances remain strong.

 

The Board plans to report the Company's preliminary results for the year ended 31 March 2024 on 27 June 2024.

 

 

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended.

 

 

For further information please visit www.lathamtimber.co.uk. or contact:

 

James Latham plc

Tel: 01442 849 100

Nick Latham, Chairman

 

David Dunmow, Finance Director

 


 


 

SP Angel Corporate Finance LLP

Tel: 0203 470 0470 

Matthew Johnson / Charlie Bouverat (Corporate Finance)

 

Rob Rees (Corporate Broking)

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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