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James Latham Says Full-Year Profit To Beat Expectations

20th Mar 2014 10:48

LONDON (Alliance News) - James Latham PLC, the joinery and wood distributor, said in a trading statement Thursday that revenues for the year ending March 31 are expected to be broadly in line with expectations, with a pretax profit higher than previously expected.

The group said it intends to release its full-year results on June 26.

James Latham reported higher profits and revenue for the first half of the year, boosted by higher sales volumes. It declared an interim dividend of 3.4 pence per share, up from 3.1 pence.

Shares in James Latham were trading 5.0% higher Thursday morning at 443.50 pence per share.

By Rowena Harris-Doughty; [email protected]; @rharrisdoughty

Copyright © 2014 Alliance News Limited. All Rights Reserved.


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