Readymix predict profit rise

Irish concrete company Readymix have announced that an increase of profit before tax is expected to jump by 28% on 2005.

As a result of what the company calls the continuing favourable economic conditions, and the benefits from a range of performance improvement initiatives, profit before tax is expected to be circa 28% above that achieved in 2005.

Readymix chairman Adrian Auer said: "A very significant improvement in financial performance has been achieved in 2006.

"The board is pleased with the progress that has been made in the turnaround of the company, and with the introduction of world class standards of operation we are now well positioned to deliver further value enhancement to all our stakeholders".