Fox Marble sales more than double in first half

Fox Marble Holdings announced its interim results for the six months to 30 June on Tuesday, with sales for the period more than doubling to €0.26m from €0.11m in the first half of 2015.

The AIM-traded firm’s order book stood at €4.1m at period end, with cash advances of €0.42m received.

Its net cash balance at period end was €2.69m, down from €5.59m a year earlier.

“The company has secured orders from a diverse and international customer base over the period,” said CEO Chris Gilbert.

“These have included both long-term agreements and sales to market-leading buyers, indicating the quality and demand for our stone.”

Gilbert said the market was continuing to see its product as world class, and the board was pleased that Fox’s Bianco Illirico stone had been specified via Pisani for the Lille Square development in Earls Court.

“This places our marble at the forefront of a new residential development in London.

“I am encouraged that our factory is approaching completion,” Gilbert added.

“This facility will allow the company to process our material in-house for global distribution.”