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Brickworks bets on growth from housing

BUILDING products group Brickworks expects its earnings to improve in 2016, after posting record underlying profit.

BUILDING products group Brickworks is betting on a continuing property boom in Sydney and Melbourne to deliver improved results in 2016.

AUSTRALIA'S largest maker of bricks and tiles on Thursday reported record annual revenue of $701 million in its main building products division and said growth prospects were reflected in a strong order pipeline and price increases.

Original URL: https://www.news.com.au/finance/business/brickworks-annual-profit-down-24-pct/news-story/ba8317634d14482be1e145180f6033fc