Grafton Group says Irish sales fell by 16% in first four months of 2008
May 8th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Grafton Group plc, the builders merchants and DIY group with operations in the UK and Ireland, in an Interim Management Statement, for the four months ended 30 April 2008, in advance of the Company's Annual General Meeting today, said that group sales in the four months to 30 April declined by 8 per cent to €944 million and reflects the adverse translation impact of a twelve per cent decline in sterling against the euro. Irish sales fell by 16 per cent. Group profit before tax was, as expected, significantly down compared to the very strong performance in the first four months of 2007.