Michelmersh Brick Holdings expects profit

Brick manufacturer Michelmersh Brick Holdings Plc is expecting to report a profit from continuing activities for the year ended 31 December 2013.
A company statement said: “The positive financial performance of the Group reflects stronger than anticipated turnover in the final quarter of 2013, ahead of the Board’s expectations at the time of the interim statement in September 2013.

“The result before taxation will include the profit on sale of the factory land at Telford, exceptional non-recurring costs relating to closure of the Dunton plant in the year and associated Group restructuring costs.”

Its final results are scheduled for release on Wednesday 26 March 2014.