LONDON (dpa-AFX) - Travis Perkins Plc. (TPK.L), an operator in the builders' merchant and home improvement markets, reported Tuesday that its first-half profit before taxation increased 10.7 percent to 176 million pounds from 159 million pounds last year.
Basic earnings per share were 55.7 pence, up 8.6 percent from 51.3 pence a year ago.
Adjusted profit before taxation was 184 million pounds, compared to 167 million pounds a year ago.
Revenue increased 5.8 percent to 3.113 billion pounds from 2.943 billion pounds last year. Like-for-like sales went up 3.1%, demonstrating continued outperformance of the market.
Further, the company increased interim dividend by 3.4% to 15.25p per share.
Looking ahead, the company said the decision to leave the European Union has created significant uncertainty and the effects on the Group's two key leading indicators, secondary housing transactions and consumer confidence, remain unclear though they are unlikely to be positive. The Group has therefore adopted a cautious stance until end market demand becomes clearer.
Copyright RTT News/dpa-AFX