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LONDON - British brick manufacturer Forterra (NASDAQ:FRTA) plc reported an 82% increase in adjusted profit before tax for the first half of 2025, driven by strong demand from volume housebuilders, according to a press release statement.
The company, the UK’s second-largest brickmaker, experienced significant revenue growth in the six months ending June 30, with management now expecting full-year results to be "significantly ahead of previous expectations."
The strong performance has enabled Forterra to reduce its debt levels beyond initial projections and increase its interim dividend by 90%, reflecting improved financial health and market outlook.
Forterra’s exposure to volume housebuilders has positioned it favorably as the UK housing construction market shows signs of recovery. The company’s recent investments are intended to strengthen its capacity to meet increased demand as the market continues to improve.
The financial results were highlighted in a research note published by Progressive Equity Research, which has been commissioned by Forterra to provide ongoing research coverage. The research firm raised its estimate for Forterra’s adjusted profit before tax by 21% to £33.3 million for fiscal year 2025.
Forterra manufactures and supplies building products to the UK construction industry, with bricks forming a core part of its product portfolio.
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