Losses at cement company widen to €4.2m

FIRST-QUARTER losses at building materials provider Readymix widened by €400,000 to €4.2 million this year, with revenue for the first three months of the year down by 27%, year-on-year.

At its annual general meeting yesterday, the Dublin-based cement products company said revenues are likely to continue their fall over the remainder of 2011.

This, according to the company’s board, “will be driven by continuing poor volumes and ongoing pressure on prices in all of our product markets”.