Britain’s biggest brick maker Ibstock said it has seen a big jump in revenues and profits despite industry-wide inflation and supply chain challenges.
The Leicestershire-headquartered business said it had benefited from strong demand in the new build housing market as well as from customers carrying out repairs, maintenance and improvement work, and infrastructure contracts. At the same time the business said it was maintaining a tight focus on costs.
Ibstock said sales were up 28 per cent in the first half of the year at £259 million, compared to the first six months of 2021. Pre-tax profits were up almost a third at £51 million. The group said its medium term plan is to annual hit sales of £600 million-plus by 2026.
