Readymix reports loss of €47.3m

CEMENT products and building materials company, Readymix has warned that this year will see it make further operating losses — albeit at “substantially” reduced levels to the heavy losses it has just posted for 2008.

The company yesterday reported a pre-tax loss of €47.3 million for last year; compared to a pre-tax profit of €28m for 2007.

Operating losses of €46.7m were also reported, compared to an operating profit of just under €10m for the previous year.