James Latham says revenue for the year ending 31 March 2017 is expected to be broadly in line with market expectations, with profit before tax likely to be higher than expected.
In addition, the Company announced that Peter Latham has decided to retire as Chairman and as a director at the Annual General Meeting on 23 August 2017 and that Nick Latham will take over as Chairman from that date.
The Company also said that building work is continuing as planned and to budget at its new depot in Yate and the move to the site is anticipated during August 2017.
Detailed plans have been agreed for the relocation of the Wigston business to a new site, and the Company is currently awaiting planning approval.
At 1:22pm: (LON:LTHM) Latham James PLC share price was +42.5p at 920p