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星空传媒 Boardroom

News

Ibstock revenue down but brickmaker expects conditions to improve this year

By Dave Rogers2025-03-05T08:32:00+00:00

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Firm says trading has been improving since second half of last year

Revenue at brickmaker Ibstock fell 10% last year, the firm said in annual results announced this morning.

Income slipped to 拢366m with pre-tax profit also down, by 30% to 拢21m.

The firm said it took an exceptional charge of 拢11.7m which was related to a restructuring programme announced in late 2023 which include a 拢5m hit relating to restructuring costs at its glass fibre reinforced concrete business which it has decided to pull put of in the wake of a 拢3m trading loss last year.