IN BRIEF: Michelmersh Brick Has Faith In Construction Sector

Tue, 08th Sep 2020 14:48

Michelmersh Brick Holdings PLC - Sussex-based brick manufacturer - Reports 17% decline in revenue during six months to June 30. Revenue drops to GBP22.5 million from GBP27.2 million and pretax profit halves to GBP2.0 million from GBP4.0 million. Notes threat of future lockdowns but says construction sector is well-positioned to contribute to post-virus economic bounce. Plans to resume dividend payment in full-year results.

Current stock price: 100.50 pence

Year-to-date change: down 16%

By Eric Cunha; ericcunha@alliancenews.com

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