READYMIX has forecast it will post a pre-tax loss of nearly €7 million for the first half of this year.

CEMENT products and building materials company, Readymix has warned that this year will see it make further operating losses — albeit at “substantially” reduced levels to the heavy losses it has just posted for 2008.

Irish shares on the ISEQ index slumped this morning dropping 65.40 points to 9326.15.

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

The Board of Readymix plc announced today that it has entered into an arms length commercial agreement with CEMEX S.A. for the implementation and ongoing servicing of a proprietary business model and information technology systems.

READYMIX has stated that trading has started “satisfactorily” this year, in line with the board’s expectations.

Readymix managing director Joe Doyle has by mutual agreement resigned his position and as member of the company's board with immediate effect.