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BRIEF-Grafton Group H1 adjusted operating profit up 19 pct
August 31, 2017 / 6:07 AM / 21 days ago

BRIEF-Grafton Group H1 adjusted operating profit up 19 pct

Aug 31 (Reuters) - Grafton Group Plc

* Grafton Group - H1 adjusted operating profit before property profit up 19 percent to 77 million pounds

* Grafton Group - net debt declined to 80.2 million pounds from 95.7 million eur year ago, strong cash generation

* Grafton Group - 11 percent increase in dividend to 5.25 pence sterling in line with progressive dividend policy

* Grafton Group - UK merchanting business increased profit and performed well through the half year

* Grafton - recent softer trends in UK likely to be sustained in 2017, opening of branches reflects medium term confidence

* Grafton Group - average daily like-for-like revenue growth from 1 July to 27 Aug 6.5 percent

* Grafton Group - encouraging outcome leaves us well placed to deliver our full year expectations Source text for Eikon: Further company coverage: (Reporting By Padraic Halpin)

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