29th Jun 2016 08:34
LONDON (Alliance News) - Marble quarrying and finishing company Fox Marble Holdings PLC on Wednesday said it has signed new purchase orders and said its order book has continued to strengthen in 2016.
The company said it has signed an agreement with commodities trader Marble Dino Shpk to supply EUR1.5 million worth of marble slabs during 2016 and 2017. Fox Marble expects EUR250,000 of this to fall in 2016, with the rest to come in 2017.
In addition, Fox Marble has received a EUR400,000 order from Pisani PLC, a UK-based marble wholesaler, for Sivec blocks during 2016. The first shipment is due at Pisani in the next few days, Fox Marble said.
As a result of the new orders, Fox Marble said its 2016 order book now sits at EUR4.6 million, up from EUR3.9 million at the beginning of June.
"We are pleased to update the market with the continuing strong progress made this year on new orders. The second half of 2016 is going to be an important time for Fox Marble, as we begin to supply processed stone from our own factory and expand our presence in the market, whilst benefiting from improved margins and continuing to deliver a growing order book," said Chris Gilbert, Fox Marble's chief executive.
Shares in Fox Marble were up 4.2% to 9.77 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
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