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| Hanson is expecting a rise in pre-tax profits Hanson PLC, the international building materials company, is issuing this trading statement in advance of the February 23, 2006 announcement of its preliminary results for the year ending December 31, 2005. Hanson anticipates reporting an increase in profit before tax for 2005 of 11% to 13% compared to 2004 (2004: £377.1m after adjustment), subject to the year end revaluation of certain items within finance costs and the completion of further property disposals before year end. Operating profit is expected to increase by a similar percentage (2004: £423.9m after adjustment) and includes property profits of £13 million completed to date (2004: £21.4m). Hanson expects to make further progress in 2006 based on strong market positions, value adding bolt-on acquisition opportunities and continued financial discipline. In the near term demand weakness in the UK and ongoing energy cost increases may impact the first half of 2006 against a strong first half in 2005. write your comments about the article :: © 2005 Construction News :: home page |