Hard time for hard landscaping
Published: 01 September, 2009
HUDDERSFIELD: Stone and paving products group Marshalls saw its half-year profits fall by 82%.
The company, which is supplying the London 2012 Olympics development said after the cost of closing a factory it made pre-tax profits of £4m in the first six months of the year, down from £22.7m a year earlier.
Revenue fell 19% to £166m on a like-for-like basis. Over the period the group closed its factory in North Wales, incurring costs of £5m.
Chief executive Graham Holden said: "Markets continue to remain volatile with no clear pattern emerging. We are focusing on winning sales in the public and commercial sector to gain market share. There is still work available."