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Grafton fails to impress after 93% rise in profit

GRAFTON Group owners of the Woodies DIY chain in Ireland failed to impress the markets yesterday with its 93% rise in adjusted operating profit to €50.6 million.

Grafton fails to impress after 93% rise in profit

Fri, 04 Mar, 2011 - 00:00

Brian O'Mahony

Turnover for the year reached €2 billion up 1% on the 2009 figure of €1.94bn.

Profits before tax rose 88% to €25.5m from €13.6m while the extensive cost cutting and rationalisation in recent years was a key factor in the improved figures.

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