Ibstock slashes dividends as profit tumbles amid 'subdued market conditions'
Ibstock, the London-listed brickmaker, has cut its annual dividend payout following a drop in profit and revenue due to "subdued market conditions."
The company reported a nearly one-third decrease in pre-tax profit to £21m for the year ending 31 December. Ibstock attributed this figure to a "lower trading performance" and the impact of a one-off £12m charge, as reported by City AM.
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