Grafton Group reports revenue fell 26% to €1.98bn in 2009; Pre-tax profits dipped 79% to €13.6m
Mar 4th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Grafton Group which operates in DIY and building materials supply businesses in the UK and Ireland, today reported that revenue fell 26% to €1.98bn from €2.67bn in 2009 and pre-tax profits dipped 79% from €64.1m to €13.6m. Grafton said its cost base was reduced by an annualised €85m; net debt was cut by €227.9m to €322m and freely available cash deposits amounted to €302m at year end.