James Latham Plc (LTHM.L) reported a decline in full-year pre-tax profit to 7.19 million pounds from 8.0 million pounds a year earlier. Last year included receipt of 360,000 pounds from the contract for the sale of the Clapton site in 2004/2005 due to additional development.
Profit after tax attributable to owners of the parent company was 6.07 million pounds, compared with 5.88 million pounds in the prior year. The lower tax charge has resulted from changes in the deferred tax provision, the company said.
Earnings per share were 31.4 pence, higher than last year's 30.5 pence in the comparable period.
Group revenue for the year was 143.64 million pounds, up 10.4% on last year's 130.15 million pounds.
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by RTT Staff Writer
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