| Grafton warns on profits |
| Friday, 03 July 2009 | |
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Irish building supplies firm Grafton said the recent tough conditions have impacted its profitability "severely", with revenues down 31% in the first half of the year.
Turnover for the six months to 30th June was €990m, down 31% on the €1.4bn in the same period last year. The Group's merchanting business saw a 24% decline in sales. However, UK operations traded at a profit. "While trading conditions continue to be difficult, turnover has stabilised across the Group's activities since April this year," said the company. |