Grafton Group remains profitable

FULL-year earnings at Irish building materials and DIY group, Grafton, are likely to be weighted towards the lower end of current market expectations.

The company updated on trading yesterday, saying that the difficult trading conditions it previously reported on in its last interim management statement in November, have continued across Ireland and Britain — its core geographical markets — but that “management continues to deal with the challenges presented in the current trading environment”.

It added that, despite the business environment, the group is profitable and cash generative.