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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.

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