Readymix expects €54m loss for 2011

Revenues at Readymix fell 15 per cent in 2011 and total losses before tax for the year are expected to be in the region of €54 million, according to a trading update from the company.

2nd February, 2012
Readymix announced last month that it had received a takeover approach from a subsidiary of Spanish company Cemex.

Revenues at Readymix fell 15 per cent in 2011 and total losses before tax for the year are expected to be in the region of €54 million, according to a trading update from the company.

The company said that it expects an operating loss before exceptional items of approximately €13 million for the full year to the end of December 2011, compared to €15 million for 2010. The reduction was largely due to lower operating costs, it said.

The...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Newsround: What Thursday’s papers say