James Latham plc (LTHM.L), a distributor of timber and panel products, Thursday reported preliminary profit before tax from continuing operations of 30.26 million pounds for the full year, lower than 44.51 million pounds in the previous year, primarily due to decline in revenue.
Operating profit dropped to 26.14 million pounds from 43.70 million pounds a year ago.
Net profit declined to 22.66 million pounds or 112.6p per share from 35.92 million pounds or 179.2p per share last year.
Revenue for the year decreased 10.2 percent to 366.51 million pounds from 408.37 million pounds in the previous year.
The Board has declared a final dividend of 26.0p per share and two special dividends of 8.0p in each of the previous two financial years to reflect exceptional profits in the years. Both the final and special dividend are payable on August 23 to shareholders on the register on August 2.
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