Latham announces £2.2m pre-tax profit

UK timber distributor James Latham has announced improved pre-tax profit of 60% to £2.2m in the half-year to 30 September, with turnover increasing 11.6% to £54m.
"These results show a significant improvement on the same trading period for last year across all divisions of the business," said chairman Roger Latham.
"October and November have also seen good levels of sales and gross margin, however, I am anticipating the second six months of the financial year are unlikely to match the first six months in absolute terms, although the result is expected to be satisfactory," he added.
n Latham has launched a timber sampling kit to help make customers' timber product decisions easier. The box contains 18 species including black walnut, obeche, meranti and southern yellow pine.