Breedon manages to extend earnings in a flat market

Because of the acquisition and trade of sure property with CRH Tarmac final summer season, Breedon's turnover reached £ 447.four million for the six months ended June 30, 2019 (first half 2018: 378, £ four million).

Revenue earlier than tax for the primary half of the 12 months was £ 39.5m (first half of 2018: £ 30.4m).

Breedon invested £ 20 million in property, plant and tools over the primary six months, together with a brand new secondary crusher and screening on the Shierglas quarry close to Pitlochry, and a brand new major crusher at Temple Quarry close to Belfast. than the start of the substitute of the uncooked sawmill. drive to the Hope cement plant. A cell concrete plant has been put in within the Loak Farm quarry to make sure the long run work of the A9 Dualling contract. A cell asphalt plant will observe on the location later this 12 months.

"We’re happy to report an enchancment within the group's efficiency within the first half of the 12 months, with the start of the interval properly underway, with delicate climate circumstances within the first quarter and customarily buoyant demand for our merchandise, significantly in England." Wales and the Republic of Eire, considerably offset by the decline in giant initiatives in Scotland. Our second quarter efficiency was penalized by decrease volumes in Nice Britain because of the stagnation of the development market. Ongoing mission delays and competitors Eire remained sturdy.

"Regardless of the short-term uncertainties, the month of July has began properly and the surveys in Britain are encouraging, which reinforces the strengthening of the second half of the 12 months." We’ve got a superb portfolio of acquisitions , the medium-term prospects of our markets are optimistic and the Board stays assured to fulfill the expectations of the 12 months "

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