James Latham plc Announces Management Changes, Effective August 23, 2017; Provides Revenue Guidance for the Year Ending March 31, 2017
The company provided revenue guidance for the year ending March 31, 2017. Revenue for the year ending March 31, 2017 is expected to be broadly in line with market expectations and profit before tax is likely to be higher than expected. Building work is continuing as planned and to budget at James Latham's new depot in Yate and the move to the site is anticipated during August 2017. In addition, detailed plans have been agreed for the relocation of the Wigston business to a new site, and the Company is currently awaiting planning approval.