In 2013 the UK-based
Pre-tax profit rose from £5.6 million to £12.4 million.
The increases are attributed to a surge in materials sales with aggregates sales rising from from 4.3 million tonnes to 6.1million tonnes, while sales of asphalt rose from 1.2 million tonnes to 1.4 million tonnes and sales of ready-mixed concrete rose from 490,000m³ to 620,000m³.
The company is confident that it will record further increases throughout 2014 as the construction industry continues to recover.
Peter Tom, chairman, said: “It is pleasing after several very difficult years to report that our markets at last showed encouraging signs of life in 2013 as the long-awaited economic recovery began to take hold. This helped us to produce a very encouraging financial performance and to make significant progress in developing the business and positioning ourselves to deliver further value for our shareholders in the years ahead.
“We are proud to be the only publicly-quoted British aggregates business in the UK. We have established ourselves in a relatively short period of time as a successful player in a highly competitive market, achieving scale and profitability with a strong balance sheet, whilst delivering sound value for our shareholders.
“Looking ahead, we intend to do more of the same. The year has begun well and the outlook is more encouraging than for some time. We plan to take full advantage of the opportunities ahead and remain confident of making further progress in 2014.”
