James Latham (AIM:LTHM) – encouraging AGM statement
The importer and distributor timber which was featured in our Blog ‘Bargain hunt – Chapter 3’ earlier this week has issued a reassuring AGM statement.
The statement confirms that revenue for the first four months of the current financial year (April to July 2015) is 7% higher than the same period last year with margins also higher. Overall the Company is trading in line with full year market expectations, which are currently for pre-tax profit of £10.8m and eps of 44p.
There was the usual caution from management with comments how “the trading…
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