Grafton directors get 27% pay hike

THE directors of building materials and DIY group Grafton received a 27% pay hike last year.

The company’s annual report for 2004 reveals the seven directors were paid €3.79 million, up from €2.9m the previous year.

Grafton last month reported a 29% rise in profits to €132 million on sales up 25% to €1.9 billion, driven by its British builders’ merchants business.