At today’s Annual General Meeting of the Company its Chairman, Peter Tom, made the following statement:

“Trading in the first three months of the year was encouraging, with a marked improvement in the performance of our English business, and sales continued to hold up reasonably well in April despite the dampening effect of two bank holidays and the Royal Wedding.  We have been particularly pleased that asphalt price increases have held, helping to offset sharply higher bitumen costs. 

“We continue to evaluate a number of acquisition opportunities which have the potential to strengthen our business and add value for our shareholders.

“It is still early in the year and our main trading period lies ahead of us, with the full impact of public sector spending cuts yet to manifest itself, especially in Scotland.  However, our performance to date is in line with our expectations, our business improvement plans are yielding pleasing results and we look forward to the rest of the year with confidence.”