Companies
Profit declines at Grafton Group amid ‘challenging conditions’
The group has announced a share buyback of up to £50 million
Operating profit at Grafton Group declined 30 per cent to £105 million in the first half of 2023 compared with the same period a year earlier.
The company said it experienced “challenging conditions during the first half” of 2023.
The building materials and merchant company that owns Chadwick’s and Woodies reported revenue of £1.19 billion in the first six months of this year, according to interim results from the group.
For the first six months ...
