Rising costs push Readymix profits down 23%

Profits at building materials group Readymix fell by 23% in the six months to June 30, compared to the same period last year.

Profits (excluding property disposals) were €7.6m, compared to €9.8m last year. Turnover, at €125.3m, increased by 2.9% compared to the first half of 2004.