Recent Topek acquisiton could be followed with further purchases 

Brickability has posted improved profit despite a drop in revenue in its latest interim results.

The AIM-listed construction materials distributor saw income slip 7% to 拢325m for the six months to 30 September because of the housing slowdown.

But pre-tax profit increased 9% to 拢16m, with the firm saying its contracting and distribution divisions were especially strong performers.

brickability

Brickability said revenue had fallen becauase of the housing slowdown

Chairman John Richards said: 鈥淲hilst we have previously communicated that the second half of the year is anticipated to see industry wide volume reductions, [to] which the group is not immune, the board continues to believe that Brickability鈥檚 diversified, multi-business, approach positions the group to continue to perform well in the current market backdrop and in the future.鈥�

Last month, Brickability bought cladding installation and remediation contractor Topek for 拢45m.

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