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Tue April 13 2021

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Brick sales soften, prices go up

19 Oct 15 Michelmersh Brick Holdings says that its 2015 financial results will be better than expected despite sales volumes slowing down.

In a trading update to shareholders, the brick producer said that operating efficiencies and continued low energy costs were contributing to a better than expected trading performance in the second half of the year.

Delivery volumes are below previous expectations as a result of a softening of the market, it said, but average selling prices are ahead of those budgeted.

“As a consequence, the group is likely to exceed the market expectations of profit before taxation for the year,” the board said.

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