Interim results released today show pre-tax profits fell to £1m from £2.2m last time.
Alumasc blamed the fall on “selling price pressure in a weak UK construction market and input cost inflation” in the building products division and unexpectedly high demand at its precision engineering arm which caused capacity constraints.
Sales of building products were up to £35.2m from £33.8m during the period with a strong performance in the refurbishment sector driven by the Alumasc Rainwater range.