StockMarketWire.com - Building products group Alumasc reported a fall in underlying profit as a weaker UK construction backdrop and costs to restructure the company's Levolux into a new building envelope division weighed on growth.

For the year ended 30 June 2019, underlying pre-tax profit fell to £5.6m from £6.0m and revenue was up 4% to £90.1m.

One-off restructuring costs of £2.5m were booked in the financial year to undertake a restructuring of the Levolux business.

The company maintained a total dividend for year of 7.35p.

'We remain cautious about the current economic climate in relation to the new build construction markets,but have taken the right mitigating actions and believe that our strong market positions, innovative products and experience will stand us well for the year ahead,' the company said.

At 9:45am: [LON:ALU] Alumasc Group PLC share price was +4.5p at 91.5p



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