12th Nov 2013 10:47
LONDON (Alliance News) - Marshalls PLC Tuesday said revenue for the ten months to October 31 remained broadly flat at GBP265 million reflecting a, "continuing improvement in sales performance following the very cold start to the year."
In an interim management statement, Marshalls, which makes natural stone and concrete landscaping products, said the figures compares well against a 4% reduction at the half-year.
Sales to the public sector and commercial end market, which represent approximately 62% of Marshalls' sales, were down slightly at 2% it said, compared with the prior year period, on a continuing basis.
Sales to the domestic end market however, which represent approximately 33% of group sales, were unchanged, while international sales increased by 20% during the period and is 5% of group sales.
Marshalls said, "continued progress is being made in developing the international business and activity levels continue to be encouraging."
The stock was trading at 179.50 pence Tuesday morning, up 2.75 pence or 1.6%.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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