James Latham (GB:LTHM) has released an update.
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James Latham plc experienced a challenging financial year ending March 31, 2024, with a 10.2% decrease in revenue to £366.5m and a drop in pre-tax profits to £30.3m, amidst a competitive market and inflationary pressures. Despite this, the company managed to maintain strong cash reserves and declared a sizeable special dividend of 45p per share in addition to a final dividend of 26.0p, signaling confidence in its financial stability and future prospects. Current trading remains consistent, and the firm is optimistic about demand increase and continuing its strong performance.
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