Grafton revenues show 4% rise

GRAFTON Group saw its revenues increase by 4%, year-on-year, during the first four months of this year.

The Dublin-headquartered builders’ merchants and DIY retail group told shareholders at its annual general meeting, yesterday, that group turnover up to the end of April stood at €642 million.

However, management added that trading conditions in the Irish market, Grafton also has a presence in Britain and mainland Europe, remained “challenging”. This is mainly due to weak demand in the residential RMI, repair and maintenance, market and because of generally low levels of activity in the new housing build markets.