Latham Timber Share News (LTHM)

LONDON (Dow Jones)--James Latham PLC (LTHM.LN), said Tuesday that it made pretax profit of GBP5.59 million for the year ended March 31, compared with GBP4.17 million. MAIN FACTS: -Revenue in the financial year to March 31, was GBP115.37 million, 1.3% up on last year's GBP113.90 million -Operating profit increased by 69% to GBP6.44 million from GBP3.82 million -Finance income was GBP43,000 against GBP647,000 last year. -Profit after tax was GBP4.11 million versus GBP2.27 million . -Earnings per share was 21.5p compared to last year's 11.8p. -Net assets total equity are GBP42.24 million -The company's cash reserves stood at GBP10.55 million -The directors recommend a final dividend of 5.25p per ordinary share versus 4.25p -The company is in a strong financial position to take advantage of opportunities that will occur in the current trading climate. -By London Bureau, Dow Jones Newswires; Contact Razak Musah Baba; +44 (0)20 7842 9275; razak.baba@dowjones.com (END) Dow Jones Newswires June 29, 2010 02:50 ET (06:50 GMT)