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Grafton Group revenue went up 6.6%

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Staff writer ▼ | July 9, 2015
Building materials group Grafton Group Plc reported a 6.6 percent growth in its six-month group revenue to 1.08 billion pounds, from 1.02 billion pounds last year.
Grafton Group
Grafton Group   Revenue grew 9.5 percent in constant currency
Revenue grew 9.5 percent in constant currency. The average daily like-for-like revenue growth in constant currency was 5.2 percent.

Looking ahead, the company said it can deliver the Group's medium term targets outlined earlier this year, despite current challenges.

The company noted that the overall Group operating margin is expected to be modestly ahead of the first half of 2014 before property profits.

The company said property profits of 6.0 million pounds in the first-half year were higher than anticipated from the 1.6 million pounds last year as a result of a property disposal in London.