Grafton Group reported a 3 per cent rise in revenue to €2.05 billion but said it believes markets will be “subdued” in 2012.
The company's share price was down 2.6 per cent to €3.20 a short time ago.
The results showed a 13 per cent rise in underlying operating profit before exceptional items to €54.7 million in 2011. But after exceptional items, profit before tax was €10.3 million, down from €25.6 million in 2010.
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