LONDON (ShareCast) - Michelmersh Brick forecast full-year results to exceed market expectations in the wake of favourable trading in the last three months of 2014.
Trading was strong in the fourth quarter and both brick volumes and selling prices have been better than forecast, the brick manufacturer said, adding that it expects profits and revenue for the year to 31 December to be ahead of market expectations.
The firm added that a capacity upgrade at one of its sites is nearing completion and that overall output will increase from the first three months of 2015.
Michelmersh shares were up 7.23% to 64.34p at 10:52 on Monday.
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