Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
Ibstock and Forterra post interim pre-tax profit rises of 32% and 38% respectively by passing on costs to customers.
Two major brick manufacturers have reported large profit rises for the first half of the year, after passing on inflationary costs to customers.
Ibstock and Forterra increased pre-tax profit by 32% and 38% respectively in the first half of the year.
Ibstock, based in Leicestershire, reported pre-tax profit of £51m for the six months to 30 June, up from £39m the same period in 2021. It also increased its turnover 28%, from £202m to £259m over the same period.
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