Grafton builds on strong results as profits rocket 30% to €54.3m

BUILDING materials group Grafton turned in another strong performance yesterday as it reported a 30% hike in profits for the six months to June.

Pre-tax profits came in at €54.3 million as turnover surged to €911 million, a 29% increase on the same period last year.

Executive chairman Michael Chadwick said the group’s operations in Britain, which now account for three-quarters of total sales, had produced “high levels of growth” that showed the company’s decision to pursue the British market was correct.