(MENAFN- ProactiveInvestors - N.America)
Brick maker Michelmersh (LON:MBH) is set to cheer the market as it revealed it expects to report 2015 profit slightly ahead of market expectations.
This was due to stronger selling prices than expected towards the end of the year and as a result improvements in margin it said.
There was also an improvement in the net cash position than previously anticipated - at around 2.9million.
"The group's forward order book continues to be robust and well balanced at this point." it added.
The firm is due to report the results on March 21.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.