A 5.6% fall in year profit reported by Marshalls.
Marshall’s Plc, Concrete block paving maker reported a 5.6-percent fall in year profit as weak consumer spending hit the home improvement sector and expected tough retail trading to continue.
Marshall’s, which produces concrete and natural stone landscape garden and patio products for domestic and commercial use; said on Friday 2005 pretax profit was 38 million pounds.
Revenue rose 9.4 percent to 359.3 million pounds on strong sales to the public sector and commercial market, which represents half of the group revenue. The retail market is expected to be challenging in 2006, the company said in a statement.
Shares in Marshall’s, which lagged the construction and materials sector by around 24 percent over the past 12 months, closed at 329 pence on Thursday, valuing the group at around 471 million pounds.
It proposed a final dividend of 8.40 pence per share, up 5 percent from a year ago.