Michelmersh Brick builds bigger than expected profit

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.