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08 February 2012

Readymix estmate €54m pre-tax loss

First publishedon www.AggBusiness.com

Readymix, the Irish building materials and cement producer, has estimated a pre-tax loss of €54million in 2011.

The firm said its total impairment during the year was also expected to reach €39million, including a €27million impairment charge between 1 July and 31 December.

Revenue for 2011 dropped by 15%, and operating loss before exceptional items was estimated to reduce from €15million in 2010 to around €13million last year.

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