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In a buoyant market, Irish turnover increased by 18% to 590.7 million (2005:500 million). Operating profit jumped by 31% to 57.1 million (2005:43.5 million). These results clearly show the benefits to the groups increasing exposure to the Irish market. Economic activity has been boosted by the growing population, high inward migration, high consumer spending (particularly on building and DIY) and the overall strength of the Economy. This trend is almost guaranteed to continue on into 2007 which favors very well for the Grafton Group. The Irish merchanting division, which trades from 59 locations mainly under the Chadwick's and Heiton Buckley brands, continues to deliver good profit growth, outperforming the overall market...
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