Readymix losses dip significantly in third quarter

BUILDING materials and cement products company Readymix has reported a significant lowering of losses for the third quarter of the year and for the current year to date, on the back of its continued cost restructuring moves.

For the three months to the end of September, the company made an operating loss of €1.5 million – down from a loss of €5.5m for the same period last year.

Total losses for the year to-date amount to €8.5m, according to the company, but that too is significantly reduced from the €15.7m incurred in the first nine months of last year.