Grafton Group PLC (GFTU.L), an Irish distributor of building materials, on Thursday recorded an increase in revenue for the 10-month period, helped by a positive impact of merger and acquisition.
For the 10-month period to October 31, the Group registered revenue of GBP 2.13 billion, higher than GBP 1.91 billion in the same period last year.
Eric Born, CEO of Grafton Group, said: "Overall revenue increased by over 11 per cent supported by continuing growth in building materials distribution in Ireland, Spain and the Netherlands and in retailing and manufacturing, helping to offset market weakness in the UK and Finland. Though momentum has slowed somewhat in the period, the outlook for Grafton remains positive."
Looking ahead, for the full year, the company added that it is on track to achieve its adjusted operating profit target of GBP 182.2 million.
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