Firm鈥檚 renewable energy business doubles sales in first half
黑洞社区 products group Brickability said underlying trading was holding up as the firm added that it expected to hit its full year revenue and profit targets.
The firm, now led by Frank Hanna, the former joint chief executive of brick firm Michelmersh, said adjusted pre-tax profit in the six months to the end of September was flat at 拢21.9m on revenue up 2% to 拢331m.
It said new build housing, residential and commercial RMI were still slow to recover but added other areas, such as brick and roofing orders, were beginning to pick up. And it said that sales at its renewable energy business, which includes solar panels and battery storage, had doubled.
Brickability said its revenue for the year is expected to be 拢630m with an adjusted profit of 拢47m, in line with market expectations.
Statutory pre-tax profit for the six months to September fell 56% to 拢7m. The firm said it included 拢15m of items, including IT and amortisation costs, not considered to be part of the firm鈥檚 underlying trading operations.
No comments yet