30th Jul 2025 06:59
Forterra PLC - Northampton, England-based clay and concrete product manufacturer - Reports increased revenue and adjusted earnings for the first half of the year, with demand for most products ahead of its own expectations. Revenue is up 20% to GBP195.1 million in the six months to the end of June from GBP162.1 million a year before, lifting adjusted pretax profit by 82% to GBP16.6 million from GBP9.1 million. The higher revenue is driven by strong volume growth and modest selling price progression, Forterra says. Statutory pretax profit falls by 23%, however, to GBP9.9 million from GBP12.8 million, hurt by restructuring costs, impairments of plant and equipment, and negative fair value movement on energy derivatives. Forterra raises its interim dividend by 90% to 1.90p per share from 1.00p a year prior. Read More
