BRCK Group grows profits despite subdued market

Construction products and services provider BRCK Group (BRCK) reported adjusted pre-tax profit of £38.3mn on group revenues of £645mn for the year to March, up 5 per cent and 1 per cent, respectively, versus the prior year. Given the wider issues facing the UK construction market, this is not to be sniffed at.

The group’s continued shift into higher-margin services has helped. Revenues at the design and installation division rose 9 per cent on the prior year. That said, its adjusted operating profit margin (before depreciation and amortisation) fell slightly due to higher costs in its solar panel installation unit.