Michelmersh Brick Holdings First Half 2024 Earnings: EPS: UK£0.034 (vs UK£0.05 in 1H 2023)

Michelmersh Brick Holdings (LON:MBH) First Half 2024 Results

Key Financial Results

• Revenue: UK£35.4m (down 16% from 1H 2023).
• Net income: UK£3.12m (down 33% from 1H 2023).
• Profit margin: 8.8% (down from 11% in 1H 2023). The decrease in margin was driven by lower revenue.
• EPS: UK£0.034 (down from UK£0.05 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Michelmersh Brick Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Basic Materials industry in the United Kingdom.

Performance of the British Basic Materials industry.

The company's shares are down 7.1% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Michelmersh Brick Holdings that you should be aware of.

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