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Breedon in line with forecasts

By BFN News | 09:34 AM | Wednesday 22 November, 2017


Breedon expects underlying EBIT for the full year to be in line with current market forecasts, assuming normal weather conditions. Breedon said it delivered another solid performance in the 10 months to the end of October. It said both volumes and revenues were ahead of the prior year, including a full 10-month contribution from the former Hope Construction Materials business, which was part of the group for only three months in the corresponding period of 2016. Group sales volumes of aggregates increased by 47 per cent, asphalt by 2 per cent and concrete by 99 per cent. An update said: 'Our cement business is performing in line with our expectations. 'Total Group revenue for the period increased by 56 per cent to approximately £561 million.' At 9:34am: (LON:BREE) Breedon Aggregates share price was +0.88p at 83.88p Story provided by StockMarketWire.com

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