Grafton Group reports pre-tax profit of €142.5m

Irish headquartered building materials group and Woodies owner Grafton Group made a pre-tax profit of £101.2m (€142.5m) last year as the Irish and UK economies continued to improve.

The building merchant’s performance represented a 56% increase on 2013 profits which stood at just shy of £65m with the increase delivered on the back of strong revenue growth of 9.6%.

Significant growth in Grafton’s merchanting business which represents 90% of group revenue helped deliver full-year revenues of £2.1bn.