Grainger Plc H1 Adj. Pretax Profit Rises - Quick Facts

Grainger plc (GRI.L) posted a 23% growth in its first-half adjusted earnings to 46.3 million pounds, largely driven by acceleration of growth in net rental income of 23%. Like-for-like rental growth was 3.5%, for the period. Adjusted earnings per share was 5.0 pence compared to 4.5 pence.

Profit before tax was 98.8 million pounds for the 6 months ended 31 March 2022 compared to 44.5 million pounds, prior year. Earnings per share was 10.2 pence compared to 5.0 pence.

Group revenue increased to 126.6 million pounds from 101.3 million pounds, last year.

The Group's interim dividend is 2.08 pence per share, up 14%.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Seffner, Florida -based Canyon Furniture Co. is recalling ladders sold with bunk bed and hutch sets citing entrapment and strangulation risks, the U.S. Consumer Product Safety Commission said. The about 2,100 units of Canyon Lake and Cottage Colors Bunk Bed and Hutch Sets were sold exclusively at Rooms To Go. Lyft announced the expansion to its partnership with Indeed in Jobs Access program. The ride-hailing company will be providing transportation access for Indeed's Ready to Work program. Indeed's Ready to Work program is a series of free virtual and in-person events for job seekers in several cities across the U.S. from September 15 to October 8, 2022. Pool and Spa drain covers imported to the United States by various companies have been recalled due to violation of the Virginia Graeme Baker Pool and Spa Safety Act, the U.S. Consumer Product Safety Commission announced. The various recalls include pool and spa drain covers manufactured in China and sold exclusively at Amazon.com for different prices ranging from $10 to $12.
Follow RTT