Brampton Brick Limited announces third quarter results.

BRAMPTON, Ontario--(BUSINESS WIRE)--Nov. 3, 1995--Brampton Brick Limited (TSE, ME: BBL.A ) today reported a loss of $422,000 (4 cents per share) for the three months ended September 30, 1995, compared to net income of $344,000 (3 cents per share) for the same period last year.

The decline in operating results is due to a 35 percent decrease in housing starts in the third quarter of 1995 compared to 1994.

Net sales for the third quarter are $4,911,000, a decrease of $2,881,000 from $7,792,000 in 1994. Reductions in operating expenses and interest costs have offset some of the decrease in net sales.

For the nine months ended September 30, the Company has reported net income of $2,284,000 (21 cents per share), compared to a loss of $741,000 (7 cents per share) last year. Results for the nine months include a gain of $3,937,000 (36 cents per share) on the sale of a commercial property from lands held for redevelopment.

Net sales for the nine months are $13,017,000, down from $16,941,000 last year, reflecting a 34 percent decrease in housing starts for the period. Improved gross profit margins and reduced operating expenses have mitigated some of the short fall in sales volumes.

Brampton Brick is Canada's second largest producer of clay brick and holds a 38.2 percent interest in one of the largest producers of concrete block in Ontario. The Company's products are used for residential construction and industrial, commercial and institutional building projects. -0-

BRAMPTON BRICK LIMITED

SELECTED FINANCIAL INFORMATION
(September 30, 1995)

(Thousands of dollars, except per share amounts)

                            3 Months              9 Months
                            --------              --------
                         1995      1994       1995     1994
                         ----      -----      -----    ----

Net Sales              $4,911     $7,792    $13,017   $16,941

Operating Profit       $  381     $1,243    $   924   $ 1,768

Net Income (Loss) for the
  Period               $ (422)    $  344    $ 2,284    $ (741)

Net Income (Loss) Per
  Class A & B Share    $(0.04)     $0.03    $  0.21   $ (0.07)

Class A & B
 Shares Outstanding
  (000's)              11,053     11,053     11,053    11,053

CONTACT: Brampton Brick Limited

Ken Mondor, [phone]