Readymix predicts 28 per cent profit surge

Readymix predicts 28 per cent profit surge
Published: 17 January 2007

Profits at cement group, Readymix, are expected to surge by 28 per cent for 2006, the company said this morning in a trading update to the Irish Stock Exchange.  
 
Adrian Auer, Readymix Chairman, said the improved performance is due to continuing favourable economic conditions, and the benefits from a range of performance improvement initiatives.  
 
"A very significant improvement in financial performance has been achieved in 2006. The Board is pleased with the progress that has been made in the turnaround of the Company, and with the introduction of world class standards of operation we are now well positioned to deliver further value enhancement to all our stakeholders," he said.