logo
Plus   Neg
Share
Email

Grafton Group 5-month Revenue From Cont. Ops. Down 26% - Quick Facts

Grafton Group plc (GFTU.L) reported that Group revenue in continuing operations was down 26 percent to 810.9 million pounds in the five months to 31 May 2020 from 1.09 billion pounds, last year, due to the impact of the Covid-19 pandemic. The Group had a solid start to the year before experiencing a decline in activity in the second half of March resulting in an overall decline in Group revenue of two per cent in the first quarter compared to last year.

The Group noted that the national shutdown measures remained in place throughout April in the UK and Ireland had a material impact on trading leading to a decline in Group revenue of 80 percent in the month compared to prior year. Group revenue in May was down 38 percent on the prior year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Billionaire Warren Buffett's Berkshire Hathaway reported a profit for the second-quarter that increased 87 percent from last year, as the value of its investment portfolio increased with the stock market. But it took about $10 billion write down on the value of its Precision Castparts aircraft parts unit due to the impact of the COVID-19 pandemic. Operating profit declined 10 percent. Twitter has had preliminary talks with TikTok's Chinese owner ByteDance to buy the U.S. operations of the video-sharing app, the Wall Street Journal reported citing people familiar with the matter. Meanwhile, Microsoft has been the only company so far to say publicly it is pursuing TikTok. Pfizer said Friday it reached a multi-year deal with Gilead Sciences to manufacture and supply Gilead's investigational antiviral remdesivir for COVID-19 patients.
RELATED NEWS
Follow RTT