Billington’s finance director Trevor Taylor said the group had decided against paying a dividend, but it will be reinstated at the earliest opportunity.
“We’re maintaining our cash reserves as we’re now in a process of rebuilding,” he said.
The firm said it envisages there will be demands on cash as the group increases its activity levels. It is keen to spend some of the cash improving its production facilities at Barnsley.
“We had a major plan to improve Barnsley, but that was put on hold when the world fell apart,” said chief executive Steve Fareham. “We’re now committed to making the investment in Barnsley.”