Coronavirus impact: 1 July - an AIM stalwart is ever dependable
Full year results from one of AIM’s elder statesman were the extremely impressive in the circumstances with a dividend commitment and hint of greater ambition
James Latham: ever dependable and more ambitious?James Latham (LON:LTHM), one of the UK's largest distributors of timber, panels and decorative surfaces, reported promising results for the year to 31 March 2020. The AIM stalwart saw revenue rise 5.1% to £247.1m with like for like volumes up 1.8% and the Group’s new Abbey Wood business in Ireland starting to provide a useful contribution to the Group's results. Gross profit for the financial year to 31 March 2020 was 17.6% compared with 17.2% in the previous financial year. This figure includes warehouse costs, which have increased due to extended working hours with…