James Latham cites improving timber demand as revenue grows

James Latham PLC on Wednesday said demand for timber has continued to rise, reflecting growing customer confidence, helping support revenue growth. The Hemel Hempstead, England-based distributor of timber, panels and decorative surfaces said revenue in the four months to July 31 rose 4.7% to £133 million from £127 million a year prior. Volumes are up 5.9% year-on-year, while margins remain consistent with the second half of the previous year. Overheads and resulting profit are in line with market expectations, the firm added. James Latham said the demand for solid timber products has ...