Readymix expects €6.6m first-half loss

READYMIX is anticipating making another full-year loss in 2010, as trading conditions in the second half of the year are unlikely to pick up significantly.

The Dublin-based building materials and cement products provider — which is predominantly owned by Mexican group, Cemex — said yesterday, via its first-half trading update, that it expects its interim results, when published next month, to show a pre-tax loss of €6.6 million for the six months to the end of June. This would only be marginally down on the €6.9m loss recorded for the corresponding period last year. The first-half figures are also likely to show an operating loss of €6.1m, which would be down by €1m on a year-on-year basis.

Yesterday’s trading update also said that Readymix’s total revenues for the first half of 2010 were down by 29% on a year-on-year basis.