Construction slowdown hits Readymix

Building materials group Readymix has reported a pre-tax loss of €6.9m and an operating loss before non-recurring items of €7.1m for the first six months of 2009.

Company revenue is down 45% on H1 2008, falling from €75.2m to €41.6m, Readymix said in an interim statement published today. The company has decided to withhold payment of an interim dividend.