Brickability Group has announced impressive financial results for fiscal 2023, with both pretax profit and revenue experiencing significant growth. The company’s success is attributed to its strong momentum across all four divisions, demonstrating its resilient position in the industry despite macroeconomic uncertainties.
In the year ended March 31, Brickability Group achieved a pretax profit of £34.5 million, a substantial increase from the previous year’s figure of £18.4 million. This exceptional performance is attributed to the company’s strong performance across all divisions and its strategic positioning within the industry.
Furthermore, Brickability Group reported a revenue of £681.1 million, reflecting a notable increase from £520.2 million in the previous year. This growth highlights the company’s ability to thrive even in a challenging sector environment.
The board of Brickability Group has declared a final dividend of 2.15 pence per share, contributing to a total dividend for the year of 3.16 pence per share. This demonstrates the company’s commitment to delivering value to its shareholders.
While Brickability Group acknowledges the short-term challenges in certain segments, it remains confident in the robust long-term demand for U.K. housing. The company believes it is well-positioned to achieve its strategic objectives and drive organic growth.
Moreover, Brickability Group has met board expectations in terms of performance for fiscal 2024 thus far, although specific financial figures were not disclosed.
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