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Grafton Group Issues Trading Update; 2019 Revenue From Cont. Ops. Up 2.7%

Grafton Group plc (GFTU.L) announced the Group now expects to report full year adjusted operating profit of approximately 202 million pounds and approximately 190 million pounds on a pre-IFRS 16 basis for continuing operations. The Group said its trading in November and December was better than projected.

For 2019, Group revenue from continuing operations increased by 2.7 percent to 2.67 billion pounds. Growth in constant currency was 2.9 percent and average daily like-for-like revenue increased by 1.9 percent for the year.

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