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Grafton FY profit up 12 pct, sees further growth desite Brexit pressures

Tuesday, 7 Mar 2017 02:00am EST 

Grafton Group Plc : Grafton - Adjusted fy operating profit growth of 12 percent to 142 million pounds, EBITA margin stable at 5.5 percent . Grafton - Trading conditions in uk merchanting challenging in 2016, but ended on good revenue growth in Q4 . Grafton - Increase of 10 percent in dividend to 13.75 pence in line with progressive dividend policy . Grafton - Jan, Feb average daily like-for-like revenue up 4.7 percent overall, 4 percent in UK merchanting, 13.9 percent in Ireland . Grafton - Like-for-like 12.3 percent revenue decline in Belgium reflected very poor Jan trading, Feb recovery . Grafton - Overall prospects for 2017 favourable, Ireland, Netherlands expected to support increase in profit . Grafton - Modest UK volume growth expected against inflationary backdrop likely to have bearing on margins Further company coverage: [GFTU_u.L] (Reporting By Padraic Halpin) ((Padraic.Halpin@thomsonreuters.com;)). 

Company Quote

-27.0 -3.53%
15 Nov 2018