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Breedon Aggregates sees an increase in revenue

Independent aggregates business Breedon Aggregates has announced its audited annual results for the year ended 31 December 2013.
The company has revealed underlying pre-tax profit was up 121.4% to £12.4m, while revenue was also up 29.5% to £224.5m.

During the year the company sold 6.1 million tonnes of aggregates (2012: 4.3 million tonnes), 1.4 million tonnes of asphalt (2012: 1.2 million tonnes) and 620,000 cubic metres of ready-mixed concrete sold (2012: 490,000 cubic metres).

Peter Tom CBE, executive chairman, said: “It is pleasing after several very difficult years to report that our markets at last showed encouraging signs of life in 2013 as the long-awaited economic recovery began to take hold. This helped us to produce a very encouraging financial performance and to make significant progress in developing the business and positioning ourselves to deliver further value for our shareholders in the years ahead.

“We are proud to be the only publicly-quoted British aggregates business in the UK. We have established ourselves in a relatively short period of time as a successful player in a highly competitive market, achieving scale and profitability with a strong balance sheet, whilst delivering sound value for our shareholders.

“Looking ahead, we intend to do more of the same. The year has begun well and the outlook is more encouraging than for some time. We plan to take full advantage of the opportunities ahead and remain confident of making further progress in 2014.”

About Fiona Russell-Horne

Group Managing Editor across the BMJ portfolio.

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