James Latham plc
The Directors are pleased to announce that trading in the second half of the year to date has been better than expected and as a consequence the results for the year ending 31st March 2008 are expected to be significantly ahead of market expectations.
In the second half of the year to date, in spite of concerns about the economy, volumes have continued to grow. However, as expected, prices have weakened and therefore margins have been under some pressure although the effect of this has been somewhat countered by the fall in the value of the pound against both the Euro and dollar.
As a result of a number of favourable factors, the directors believe that the year to 31 March 2008 will be an exceptional year for the Company and expect that the trading environment will be tougher next year.
The Company will start trading from its new site in Scotland early in the next financial year.
James Latham plc are due to report the Company's results to 31st March 2008 on 26 June 2008.
Peter Latham Chairman 21 February 2008
Enquiries:
| Peter Latham, Chairman | Tel: 01442 849 100 |
| David Dunmow, Finance Director | Tel: 01442 849 100 |
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| Blue Oar Securities Plc | |
| Mike Coe, Director, Corporate Finance | Tel: 0117 933 0020 |
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