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Tuesday, September 22, 1998 Published at 08:52 GMT 09:52 UK

Business: The Company File

Tarmac paves way for solid future

Tarmac lays a solid financial foundation for future growth

Building materials group Tarmac has announced a better-than-expected 29% lift in interim profits to £49.7m ($81m)

The pre-tax result was £5m to £8m ahead of analysts' expectations.

[ image: Profits up all round]
Profits up all round
"We are well positioned to benefit from further rationalisation in our markets."

He said the company remained confident that full year forecasts would be met.

Debt remained stable at £412.5m and its order book, while contracting, is still strong at £1.4bn, the company said.

Earnings per share rose form 2.5p to 3.2p while the interim dividend remains at 3p.

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