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  2. Share Prices
  3. Latham Timber Share Price
  4. Latham Timber Share News
  5. James Latham profit jumps thanks to direct business, disposal

Pin to quick picksLatham Timber Share News (LTHM)

Latham Timber Information

Share Price Information for Latham Timber (LTHM)

London Stock Exchange
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Share Price: 1,205.00
Bid: 1,180.00
Ask: 1,230.00
Change: 0.00 (0.00%)
Spread: 50.00 (4.237%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 1,200.00
LTHM Live PriceLast checked at -

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James Latham profit jumps thanks to direct business, disposal

Thu, 29th Nov 2018 09:27

(Sharecast News) - James Latham's shares climbed on Thursday after an increase in direct business drove interim profit and revenue growth.The importer and distributor of timber and wood materials said that for the six-month period ended 30 September, revenue stood at £118.2m, up 10.2% compared to the year before, while profit before tax jumped by 28.9% to £8.7m.The profit increase includes £1.1m of proceeds from the sale of the company's old Yate site and revenue increases were attributed to a rise in direct business, higher prices and a changing product mix from the AIM traded outfit.At 30 September James Latham had cash and cash equivalents of £12.9m, up from £12.6m at the same point last year, while the company upped its interim dividend from 4.5p per share to 5p."Our customers remain busy and are reporting good order books. The economic outlook though is affected by the uncertainty caused by the Brexit negotiations and we will not be immune to any slowdown in the UK economy. We have reviewed our key European suppliers and have put plans in place to hold more stocks for a period of time in the first half of 2019 in order to mitigate any supply issues," the company said.Latham added that investment in the business continued, with "extensive" racking projects started at the Purfleet and Thurrock depots, as well as planning for a redevelopment of its Gateshead site in order to make efficient use of space.James Latham's shares were up 4.40% at 652.50p at 0943 GMT.
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20 Mar 2014 10:48

James Latham Says Full-Year Profit To Beat Expectations

LONDON (Alliance News) - James Latham PLC, the joinery and wood distributor, said in a trading statement Thursday that revenues for the year ending March 31 are expected to be broadly in line with expectations, with a pretax profit higher than previously expected. The group said it intends

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20 Mar 2014 09:19

Thursday broker round-up UPDATE

Antofagasta: Deutsche Bank cuts target price from 770p to 735p and downgrades to sell. Investec cuts target price from 753p to 726p keeping its sell recommendation. Ashmore Group: HSBC Holdings lowers target price from 410p to 400p retaining its overweight rating. Avacta Group: Numis shifts target

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20 Mar 2014 08:42

James Latham eyes forecast busting full-year profit

- Full pre-tax profit to come in ahead of targets - Annual revenue expected to reach targets - Shares jump four per cent Shares of timber merchant James Latham rose sharply after it said full-year pre-tax profit is likely to be higher than expected while revenue is expected to be broadly in line wi

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20 Mar 2014 08:34

UK MORNING BRIEFING: Shares Open Lower On Yellen Rates Comment

LONDON (Alliance News) - Shares have opened lower Thursday, as markets around the world react to Fed Chair Janet Yellen's hint of an earlier-than-expected rise in US interest rates. The CEO of handbag firm Mulberry has stepped down after only two years in the job.

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4 Feb 2014 11:34

DIRECTOR DEALINGS: James Latham Executives Acquire Shares

LONDON (Alliance News) - James Latham PLC Tuesday said Chairman Peter Latham, Finance Director David Dunmow and a group of other executives acquired shares at a price of 435 pence per share under the company share plan Monday.

Details are as follows.

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28 Nov 2013 12:35

James Latham First-Half Profit Rises Driven By Higher Sales Volumes

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28 Nov 2013 12:27

CORRECT: AIM IN BRIEF: Herstal Emerges As Favourite To Acquire Manroy

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28 Nov 2013 08:22

AIM IN BRIEF: Beretta Emerges As Favourite To Acquire Manroy

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29 Aug 2013 14:55

DIRECTOR DEALINGS - James Latham Allocates 2.8K Shares

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25 Nov 2010 12:46

Small caps round-up: Europa Oil, Regal Petroleum, Cardiff Property...

Shares in Europa Oil & Gas gushed ahead after it said drilling at the Barchiz-1 exploration well in Romania encountered oligocene sandstone reservoirs similar to those seen in a nearby field. 'Clearly we are extremely encouraged by this result and look forward to seeing the flow test results in the

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29 Jun 2010 11:03

Small caps round-up: Northern Bear, Airsprung, Pursuit Dynamics...

Support services group Northern Bear stretched its strong run Tuesday after claiming a good start to the new financial year, with its order book and pipeline well up on a year ago. "The board is pleased to announce that the new financial year has started well, with strong order books and a healthy

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29 Jun 2010 07:50

James Latham FY Pretax Profit GBP5.59M Vs GBP4.17M

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 -

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20 Aug 2009 15:54

James Latham felled by revenue dip

Timber merchant James Latham says revenue during the first four months of its financial year is down nearly 9% on a year ago as the recession dulls activity. The company, which has seen its share price rally almost 60% since March, blamed the weaker economy and some lower product prices. Although

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25 Jun 2009 17:01

London close: Late rally not enough

A late rally by UK equities was not enough to prevent the blue-chip index closing in negative territory, largely as a result of weak miners, which were weighted down by softer metals prices. Lonmin, Vedanta, Rio Tinto and BHP Billiton were all stuck in the red. Elsewhere in the sector, Anglo Americ

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25 Jun 2009 14:27

London afternoon: Banks and miners retreat

Leading equities drift lower in the afternoon session, led by banks and miners. Asia-focused bank Standard Chartered eases back, despite enjoying record income and operating profit in the first five months of this year. Some of this success has been offset by weakness in consumer banking, however,

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