Aggregates firm shows true grit with profits rise
AN aggregates firm near Castle Donington has reported a rise in profits and sales, despite the struggling UK construction market.
In its annual results published this morning, Breedon Aggregates, based at Breedon-on-the-Hill, posted an operating profit of £8.8 million, in the 12 months to December 31, which was 55.4% up on the year before.
Sales also grew by 2.7% to £173.5 million
The firm said that in 2012 it sold 4.3 million tonnes of aggregates, 1.2 million tonnes of asphalt and 481,000 cubic metres of ready-mixed concrete.
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Executive chairman Peter Tom said: “I’m pleased to report that despite the worst trading conditions I can remember in my 50 years in this industry, Breedon Aggregates continued to grow and prosper in 2012.
“Looking ahead, the challenges in 2013 look like being every bit as tough as they were last year.”