Restructuring costs fail to dent brick maker's profit

By Dave Rogers2019-03-26T13:11:00

Revenue at Michelmersh hits record £46m

Restructuring costs and write-downs of more than £900,000 failed to blunt numbers at Michelmersh as the brick maker said 2018 pre-tax profit nearly doubled.

The firm was hit with £390,000 of redundancy costs at its plant in Romsey, Hampshire, while it was forced to write down a further £540,000 on plant and equipment as it pulled the plug on tile and hand-making activities.

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