Readymix fails to meet expectations

CONCRETE products group Readymix reported operating profits below expectations in 2005 despite a buoyant construction sector.

Operating profits before disposals and rationalisation costs were down fell to €13.23 million, 4.6% below the 2004’s €13.87m.

The group enjoyed a 148% jump in pre-tax profits to €32.3m for the year to the end of December 2005, up from €13m in 2004.