Alumasc makes strong start to new financial year

Alumasc, which has a large base in East Yorkshire, has announced its results for the year ended June 30 2020.

Group revenues were £76.0m, a fall on the £90.1m, recorded the previous year, reflecting the impact of COVID-19 on the final quarter.

Underlying PBT was £3.7m, compared with £5.6m the year before.

Paul Hooper, the chief executive, said: “The group responded quickly to the COVID-19 outbreak to protect the business, its employees and all our stakeholders.

"The result of this swift action led to the group reporting a strong recovery from June onwards, with July 2020 being a record performance for the month and August 2020 performance also being very strong at both revenue and profits level."

"Management remains appropriately cautious given the limited visibility as to how the wider economic situation will evolve but is cautiously confident in its ability to deliver operationally in the uncertain macroeconomic climate.”

In a statement, the company said: "The board believes that Alumasc's strong strategic and market positions, which underpin its established track record over many years of outperforming the UK construction market, will enable the group to deliver solid returns in the medium term."

Alumasc’s Timloc house building division is based in Howden, East Yorkshire.

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