Wednesday, Travis Perkins Plc (TPK.L), in its trading update, reported a 11% decline in total Group turnover for the nine months to the end of September compared with the same period in 2008. For the first nine months of 2009, the company's total turnover in its merchanting division was down 15.6%, while like-for-like turnover per trading day for the period decreased 16.3%.
Total turnover in the general merchanting business slid 15.9% with like-for-like turnover per trading day down by 16.8%. However, Travis Perkins added that its outlook for 2010 remained unchanged from that stated in its June interim results announced in July.
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