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Michelmersh Brick Hldg Ord 20P (MBH)

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30-Mar-2021 07:36 AM

Michelmersh Brick lifts dividend; even as profit falls 17%

Specialist brick manufacturer Michelmersh Brick booked a 17% fall in annual profit after the Covid-19 pandemic slowed construction activity and forced a temporary freeze on its manufacturing operations. The company, however, hiked its dividend, citing a
27-Nov-2020 07:53 AM

Michelmersh turnover recovers in second half as trading improves

Brick manufacturer Michelmersh Brick Holdings has reported an increase in turnover in the four months to the end of October, despite the challenges posed by the pandemic. Turnover for the period July to October was 7% higher than the same period last yea
08-Sep-2020 08:56 AM

Michelmersh Brick profit drops 50% as pandemic bites

Specialist brick manufacturer Michelmersh Brick posted a 50% drop in first-half profit as the pandemic hit construction markets. Pre-tax profit for the six months through June fell to £2.0m, as revenue slipped 17% to £22.5m. Michelmersh Bric
21-Apr-2020 07:10 AM

Michelmersh Brick begins to recommence production

Specialist brick maker Michelmersh Brick said it had this week begun to recommence production across its manufacturing plants. The company said it had carried out an extensive health and safety review after suspending operations on 30 March amid the Covi
31-Mar-2020 08:07 AM

Michelmersh Brick profit rises 61% on higher sales, margins

Specialist brick manufacturer Michelmersh Brick reported a 61% rise in annual profit, indicating its business was traveling well before the Covid-19 crisis hit. Pre-tax profit for the year through December rose to £10.4m, up from £6.4m on-yea
25-Mar-2020 09:42 AM

Michelmersh Brick suspends operations, defers dividend payments

Specialist brick maker Michelmersh Brick deferred dividend payments, having suspended its operations following the introduction by the UK government of tough Covid-19 containment measures. Deliveries at all of the group's plants would be suspended
15-Jan-2020 07:50 AM

Michelmersh Brick sees strong annual cash performance; profits in line

Specialist brick manufacturer Michelmersh Brick said it expected to post underlying revenue and profit for the year through December in line with market expectations. 'The group has experienced strong cash performance in the second half of the year
03-Sep-2019 07:37 AM

Michelmersh Brick profit rises 41%; sees full-year earnings beat

Brick and paver maker Michelmersh Brick posted a rise in first-half profit and said it expected to exceed market expectations for its full-year performance. Pre-tax profit for the six months through June rose 41% to £4.0m, up from £2.9m on-ye
14-May-2019 07:06 AM

Michelmersh Brick sees 2019 performance being first-half weighted

Brick and landfill company Michelmersh Brick Holdings said it expected its performance in 2019 to be weighted to the first half. Trading so far in the year had been 'robust', with production volumes in line with expectations, chairman Martin Wa
26-Mar-2019 07:26 AM

Michelmersh Brick profit almost doubles in strong housing construction market

Michelmersh Brick Holdings almost doubled its annual profit, supported by a strong housing construction market. Pre-tax profit for the year through December rose 93% to £6.4m, as revenue rose 22% to £46.3m, partly boosted by the acquisition o
14-Jan-2019 07:22 AM

Michelmersh Brick sees profits in line; lower debt levels

Specialist brick manufacturer Michelmersh Brick Holdings said it expected its annual underlying revenue and profit to meet market expectations. The company also said 'strong' cash generation would result in year-end debt below forecast. '
12-Jul-2018 09:20 AM

Michelmersh flags first half results

Michelmersh, the specialist brick, land development and landfill company, will report half year results for the six months ended 30 June 2018 will be published on Tuesday 4 September 2018. At 9:20am: (LON:MBH) Michelmersh Brick Holdings PLC share price
10-May-2018 08:57 AM

Michelmersh trading in line with expectations

Michelmersh Brick, the brick, land development and landfill company, expects trading for the 12 months to 31 December 2018 to be in line with market expectations and show significant growth over 2017. Martin Warner, chairman, said the group as a whole ha
19-Mar-2018 07:10 AM

Michelmersh Brick profit falls on acquisition costs

Michelmersh Brick Holdings booked a fall in annual profit after costs associated with its acquisition of Carlton offset rising revenue. Pre-tax profit fell 26% to £3.3m, as revenue rose 26% to £37.9m. Underlying operating profit increased by
22-Jan-2018 09:36 AM

Michelmersh Brick Holdings trading as expected

Michelmersh Brick Holdings said it expected underlying revenue and profit, enlarged by the acquisition of Carlton Main Brickworks, to be in line with market expectations. "The board is also pleased to report that the Carlton acquisition, which incre
10-Jul-2017 07:15 AM

Michelmersh wins Battersea Power Station contract

Michelmersh Brick Holdings has been chosen to supply the Battersea Power Station in London with 440,000 purpose made, wire-cut bricks, which are being produced at Michelmersh's Blockleys plant in Telford, Shropshire. The contract was in conjunction
26-Jun-2017 07:19 AM

Michelmersh acquires Carlton Main Brickworks Ltd

Michelmersh Brick has acquired the entire issued share capital of Carlton Main Brickworks Ltd for a net consideration of £31.2m. The acquisition was expected to be significantly earnings enhancing for the group. Carlton was a highly respected reg
20-Mar-2017 01:45 PM

Michelmersh Brick issues shares

Michelmersh Brick has applied for 6,042 new ordinary shares of 20 pence each to be admitted to trading on AIM following the exercise of options. At 1:45pm: (LON:MBH) Michelmersh Brick Holdings PLC share price was +2.75p at 60p Story provided by Sto
20-Mar-2017 07:43 AM

Michelmersh Brick's FY pretax profit steady

Michelmersh Brick has posted a steady FY pretax profit of £4.5m, from £4.5m a year earlier. It said dividend had been doubled to 2p a share. Chairman Eric Gadsden said Michelmersh sat in a well-defined segment of the UK brick sector. "O
16-Jan-2017 07:16 AM

Michelmersh Brick confirms FY 2016 expectations

Michelmersh Brick Holdings' directors confirm earlier expectations that its financial performance for 2016 to be at or about a similar level to that reported for the full year 2015. "Cash generation was particularly pleasing with year-end cash
21-Oct-2016 07:10 AM

MBH's outlook

Michelmersh Brick has revised its financial expectations for the current year and believes revenue and profit will be at or around a similar level to that report for the full year 2015. "The Board is pleased to report that the Group's order bo
25-Jul-2016 07:45 AM

Michelmersh Brick improves H1 pretax profit

Michelmersh Brick has improved its H1 pretax profit to £2.6m, from £2.5m, in what it described as a "weaker market". "The Company performed well in the first half despite the expected weaker market, and is on track to deliver i
10-May-2016 02:59 PM

MBH resolutions passed at AGM

Michelmersh Brick Holdings, the specialist brick, land development and landfill company, has confirmed that all resolutions proposed at its annual general meeting earlier today were passed. At 2:59pm: (LON:MBH) Michelmersh Brick Holdings PLC share price
21-Mar-2016 07:23 AM

Michelmersh lifts profit

Michelmersh has hiked its FY pretax profit to GBP4.6m, from GBP2.6m, as revenue surged to GBP11.1m, from GBP8.7m. Dividend was doubled to 1p a share. Chairman Eric Gadsden commented: "The Group has had a very good year both in terms of reported re
05-Jan-2016 07:38 AM

Michelmersh Brick appoints joint-CEOs

Michelmersh Brick said, as announced in July last year, Frank Hanna, now former commercial director, and Peter Sharp, now former group operations director, have become joint CEOs of the company. Martin Warner, previously CEO, has become deputy chairman w

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