Hardware company Lumber Depot said it is on the lookout for new acquisitions as it positions itself to grow and increase shareholder value.
Speaking at the company's annual general meeting la.
Major Noel Dawes, managing director of Lumber Depot Limited.
Construction material retailer Lumber Depot Limited has doubled its second-quarter earnings, comporting with the positive results of other companies that do business in the sector.
The company, which operates a hardware store, said it sought to keep inventory readily available during the period amid increased demand for supplies.
“During the period under review, a major area of focus for us was to maintain consistent inventory levels in all of the key hardware supplies – including lumber, steel and cement products – regardless of the factors affecting production and transportation of these items. We have been generally successful with this and in turn, this has improved our standing with key customers,” said Managing Director Major Noel Dawes in the preface to the financials.