Grafton Group Plc Reports Good Strategic And Operational Progress In H1 2019

Grafton Group Plc (LSE: GFTU) for the six months ended 30 June 2019 has made good strategic and operational progress. Company’s revenue was up 2% to £1.48 billion in H1 2019 from £1.44 billion of H1 2018. The cash flow from operations were reported at £118.9 million (pre-IFRS 16) as compared to £109.7 million of H1 2018. Also, there was 8 per cent increase in dividend in line with company’s progressive dividend policy.

On 30th August 2019, at the time of writing, GMT 10:54 AM, GFTU shares were trading at GBX 732.00, up by 49.50 points or 7.25% against the previous day closing price.