Latham Timber Regulatory News (LTHM)

22 Feb 2008 07:00

Latham(James) PLC22 February 2008 James Latham plc The Directors are pleased to announce that trading in the second half of theyear to date has been better than expected and as a consequence the results forthe year ending 31st March 2008 are expected to be significantly ahead of marketexpectations. In the second half of the year to date, in spite of concerns about the economy,volumes have continued to grow. However, as expected, prices have weakened andtherefore margins have been under some pressure although the effect of this hasbeen somewhat countered by the fall in the value of the pound against both theEuro and dollar. As a result of a number of favourable factors, the directors believe that theyear to 31 March 2008 will be an exceptional year for the Company and expectthat the trading environment will be tougher next year. The Company will start trading from its new site in Scotland early in the nextfinancial year. James Latham plc are due to report the Company's results to 31st March 2008 on26 June 2008. Peter Latham Chairman 21 February 2008 Peter Latham - Chairman 01442 849100David Dunmow - Finance Director 01442849100 Mike Coe, Blue Oar Securities Plc 0117 933 0020 This information is provided by RNS The company news service from the London Stock Exchange