Grafton on course to report solid profits for 2004

THE strengthened Grafton Group is expected to report solid profits for 2004 with no surprises in store for the markets.

Much of the interest in the group will be how much it gains from the integration of Heiton, completed in January.

Even with Heiton on board, Britain will still account for 55% of profits in 2005. Heiton of course has little exposure to Britain, on the other hand.