20% profit rise for TP
Published: 20 April, 2011
NORTHAMPTON: National merchant Travis Perkins reported a 20% rise in pre-tax profits for the year ended 31 December 2010.
The company's annual report said profits reached £217m, with revenues up 8% and total sales at £3.15bn.
The report estimated that the company has outperformed the market by around 4% for its merchant markets and 6% for its retail division.
Chief executive Geoff Cooper said: "The main programmes boosted at the beginning of 2010 cover product availability, ranging, delivery services, multi channel trading and account management. Behind these programmes, significant support is provided by our central technology, supply chain, procurement and marketing function."