James Latham set to end year in line with expectations

(Sharecast News) - James Latham said in an update on Thursday that it expects revenue and profit before tax for the year ending 31 March to be in line with market expectations, supported by stable cost pricing and slightly higher volumes. The AIM-traded company noted continued competitiveness in the timber and panel products market, but said trading conditions remained steady overall.

Its board confirmed that the company's balance sheet and cash position remained strong, and reiterated its commitment to ongoing investment aimed at improving service levels.

Preliminary results for the year were scheduled for release on 26 June.

At 0959 GMT, shares in James Latham were up 0.99% at 1,025p.

Reporting by Josh White for Sharecast.com.