14th Jan 2019 09:53
LONDON (Alliance News) - Michelmersh Brick Holdings PLC said Monday it expects adjusted annual revenue and profit to be in line with market expectations.
The brick manufacturer added that a "strong cash generation" resulted in net debt, at the end of 2018, below forecast.
"The company experienced a good operational performance in the final quarter following the planned maintenance shut downs and the board continues to focus on identifying further earning enhancing opportunities," it said.
Michelmersh Brick shares were trading up 0.3% at 76.00 pence each on Monday morning.
The firm will publish its 2018 results on March 26.
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