1st Feb 2016 07:57
LONDON (Alliance News) - Michelmersh Brick Holdings PLC on Monday said it is set to slightly outpace market expectations for 2015 thanks to better selling prices and a good production performance.
The brick manufacturer said its profit for the year to the end of December is set to be slightly ahead of market expectations.
The company said it was boosted by stronger-than-anticipated selling prices towards the end of the year, which helped improve margins, and by a strong production performance which meant it was able to keep up with increased demand.
Michelmersh added its order book looks robust and well-balanced for the current year.
By Sam Unsted; [email protected]; @SamUAtAlliance
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