Half Year Results 

Acquisition boosts Michelmersh Brick

Acquisition boosts Michelmersh Brick

Without context, investors could be spooked by Michelmersh Brick's (MBH) latest results, which revealed a 47 per cent drop in pre-tax profit. Adjusted numbers were much better, although profit still fell slightly to £2.4m from £2.6m due to an increase in administrative expenses. The numbers were hit hard in the period by costs associated with the acquisition of Carlton Main Brickworks, a deal that analysts at Cenkos have said will be “transformative” for the brick maker.

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