An improved result in Western Australia, despite challenging market conditions and continued falls in brick selling prices, has helped building materials company Brickworks boost underlying net profit to $223.7 million for the 2018 financial year.
Sydney company Brickworks is planning to introduce a revolutionary new technology to Western Australia it believes will cut the cost of manufacturing bricks by 30 per cent.
Building materials manufacturer Brickworks has disclosed that intense competition in the local market meant Western Australia was the only state where it was unable to lift prices for bricks during the past year.
