James Latham (GB:LTHM) has released an update.
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James Latham PLC reported a slight decline in revenue to £186.6 million for the six months ending September 2024, with a drop in operating profit to £11.3 million compared to the previous year. Despite stable cost prices, increased sales volumes, and a rise in net assets to £210.4 million, the company faced challenges due to EU regulations affecting hardwood markets, impacting margins. The Board has declared a modest increase in interim dividends and plans to invest in a National Distribution Centre to bolster future operations.
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