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Grafton Group H1 adjusted operating profit up 19 pct


Thursday, 31 Aug 2017 02:06am EDT 

Aug 31 (Reuters) - Grafton Group Plc :Grafton Group - H1 adjusted operating profit before property profit up 19 percent to 77 million pounds.Grafton Group - net debt declined to 80.2 million pounds from 95.7 million eur year ago, strong cash generation.Grafton Group - 11 percent increase in dividend to 5.25 pence sterling in line with progressive dividend policy.Grafton Group - UK merchanting business increased profit and performed well through the half year.Grafton - recent softer trends in UK likely to be sustained in 2017, opening of branches reflects medium term confidence.Grafton Group - average daily like-for-like revenue growth from 1 July to 27 Aug 6.5 percent.Grafton Group - encouraging outcome leaves us well placed to deliver our full year expectations. 

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