News Formal

Building inflation helps Irish business become most profitable for Grafton Group

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 71%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The firm, which owns the Woodie’s chain, said there is a return to more “normal” spending on DIY goods

Building price inflation contributed to making one of its Irish businesses the most profitable for Grafton Group, the company said as it announced its 2022 results.

The company, which in Ireland owns building materials supplier Chadwicks and retail DIY chain Woodie’s, said revenues rose by 9 per cent to £2.3 billion during the year. However, the company reported a slight drop in operating profits, which declined from £269 million to £264 million.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CRH plans to move primary stock market listing to USIrish building materials giant also announced plans to spend $3 billion buying back its own stock
Source: IrishTimesBiz - 🏆 6. / 77 Read more »