| |
| Please Note - Streaming News is only available to subscribers to the Active Level and above |
|
|
|
Grafton lifts profit guidance as stronger-than-expected revenue growth in March, April
StockMarketWire.com
|
Building materials distributor Grafton lifted its profit guidance after reporting that revenue rose by almost third from 1 January to 18 April, following stronger-than-expected growth March and April.
Adjusted operating profit for year was expected to exceed current consensus of £206 million by approximately 15 to 20% due to 'forecast outperformance in the first half and higher property profit,' the company said.
Group revenue in the period to 18 April 2021 was £846.8 million, an increase of 32.9% on the same period last year.
At 8:26am: (LON:GFTU) Grafton Group PLC share price was 0p at 823.5p
Story provided by StockMarketWire.com
|
|
|
|
|
|
