Forterra upgrades profit forecast after passing on inflation costs

By Daniel Gayne2022-07-28T09:51:00

Source: Shutterstock

Brick firm refuses to rule out further price hikes despite booming demand

Forterra increased its pre-tax profit by 38% in the first half of the year, after passing on cost inflation to customers with successive price rises.

The Northampton-based brick manufacturer saw its pre-tax profits grow to £37m in the six months to 30 June, compared with £27m over the same period in 2021.

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