IN BRIEF: Michelmersh Brick widens margins amid "fluctuating" market
1st Sep 2026 12:55
Michelmersh Brick Holdings PLC - Haywards Heath, West Sussex-based brick maker - Half-year pretax profit remains fairly steady despite an almost 10% decline in revenue amid a "highly fluctuating and inconsistent construction market both in the UK and northern Europe". Pretax profit declines 3.4% to GBP2.8 million in the six months that ended June 30 from GBP2.9 million a year before. Revenue falls by 9.5% to GBP32.4 million from GBP35.8 million a year before, but cost of sales decline mostly in line with this, and administration expenses also are reduced slightly. Gross margin widens to 37.0% from 33.6%. Read More