Profits soar at brick maker Ibstock as prices rise 26%

Pre-tax profits at Ibstock jumped by 65% last year as the brick maker made £105m from a turnover of £513m.
Turnover for the year to December 31 2022 rose to £513m from £409m last time as margins increased to 27.2% despite sales volumes remaining flat.
Ibstock said it “has managed supply chain and inflation challenges well and we continued to price dynamically to recover cost inflation throughout the year, delivering a 26% increase in revenues with volumes broadly in