Michelmersh Brick Holdings plc provided earnings guidance for the full year ended December 31, 2015. For the year, the company is to report a profit that is slightly ahead of market expectations. The positive financial performance of the Group reflects stronger selling prices than expected towards the end of the year and consequent improvements in margin.

The Group also benefitted from a strong production performance placing Michelmersh in a position from which it can quickly satisfy market demand. Improvement in profits and strong working capital management has also resulted in a significant improvement in the net cash position over that which was previously expected. Net cash at year end was approximately £2.9 million.