Building materials group Readymix lost more than €20 million before tax in the first six months of the year, its latest figures show.

The company, controlled by Mexican-based multinational Cemex, said yesterday that revenues in the first half of the year fell

by more than 25 per cent to €22.4 million from €29.3million. Pre-tax losses in the six months to the end of June hit €20.4 million, more than three times the €6.6 million deficit reported at the same time last year.The company had losses per share of 17.95 cent in the first half, compared with 5.79 cent at the same period in 2010.