8th Mar 2016 07:45
LONDON (Alliance News) - Grafton Group PLC on Tuesday said its pretax profit and revenue grew in 2015 thanks to strong performances across the business, helped by a recovery in the Irish market.
The FTSE 250-listed builders' merchant and DIY group said pretax profit rose to GBP120.3 million in the year to the end of December, up 19% from the GBP101.2 million posted a year earlier, as revenue grew to GBP2.21 billion from GBP2.08 billion.
Grafton said the UK merchanting business continued to perform well in terms of revenue and profit, while its Selco builders' warehouse business performed particularly well. The Irish merchanting business performed very well, driven by improving economic and construction trends, while the DIY business also saw an encouraging performance.
Grafton will pay a final dividend of 8.0 pence per share, up from 7.0p a year earlier, taking its total dividend payout up to 12.50p from 10.75p.
"We are confident about the overall prospects for the group and expect to deliver organic growth in the year ahead and to also benefit from recent development activity as well as exposure to the strengthening economies in Ireland and the Netherlands," said Gavin Slark, Grafton's chief executive.
By Sam Unsted; [email protected]; @SamUAtAlliance
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