Roofing and Construction Materials Manufacturer Increases Revenue

TILE manufacturer Brickability has revealed an increase its half-year revenue in its first set of interim results since it floated on the stock exchange.

The Bridgend-headquartered company, which makes clay, slate and concrete tiles as well as other construction materials, reported sales of £97.9m for the six months to 30 September 2019, up by 19.1% from the same period in 2018.

Profit before tax for the half year was £6.8m, up from £5.1m.

In the period, the company bought Lancashire Brick & Tile and floated on the Alternative Investment Market.

Strong Results

John Richards, Chairman, said: “This is a strong set of results with which to update the market in our first set of financials since our successful IPO in the summer.

“I’m pleased that we’re delivering what we said we would. The housing market is generally robust across the UK and we’re very well placed to service that.

“With a set of good acquisitions under our belt we’ve enhanced our geographic spread and expanded our product offering.

“This will put us in a good position for future growth and we’ll be looking at further bolt-on opportunities to support that.”

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