UK's Brickability gains on solid HY performance
22/10/2024 09:03
** Shares of Brickability Group Plc BRCK.L rise 4% to 63p
** The distributor and provider of specialist products and
services to the UK construction industry expects HY adjusted
profit to be at least 27.5 mln pounds ($35.8 mln), 7.4% higher
than the year-ago period
** BRCK posts a 2% rise in HY revenue at 330 mln pounds
** Co says it is benefiting from an increasingly diversified
product and service offering, with the recently acquired
specialist cladding and fire remediation contracting businesses
delivering a strong first half
** Brickability reaffirms FY expectations, despite flagging
a suppressed market in the new-build housing, residential and
commercial repair and maintenance markets
** Including session's gains, stock flat YTD
($1 = 0.7690 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))