Grafton Group Now Sees FY Group Adj Opt Profit In Cont Opns Of £265 Mln – £270 Mln

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        ProShares Bitcoin Strategy ETF, which began trading late last month, was up 10.95% on Monday.
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        Grafton Group Now Sees FY Group Adj Opt Profit In Cont Opns Of £265 Mln – £270 Mln

        Grafton Group plc (GFTU.L), on Tuesday, reported that trading for the period from 1 July 2021 to 31 October 2021 was “stronger than anticipated,” reflecting good underlying demand in the Group’s markets and further normalisation of trading conditions as Covid-19 restrictions were lifted.

        Group total revenue from continuing operations, which excludes the traditional merchanting business in Great Britain that is being divested, rose by 28.3% to £1.76 billion in the ten months to 31 October 2021 from £1.37 billion in the same period in 2020 and by 27.1% from £1.39 billion in the same period in 2019.

        Further, the company said it now expects full year Group adjusted operating profit in continuing operations to be in the range of £265 million – £270 million. This compares to current consensus Analysts’ forecasts of £256 million.

        Gavin Slark, Chief Executive Officer of Grafton Group plc, said, “The overall Group delivered a good performance in the period, against strong comparatives, leading to an increase in current year operating profit guidance supported by the strength of our market positions, geographic diversity and strong financial position.”