By Reuters
(Reuters) – Travis Perkins Plc on Tuesday reported a better-than-expected adjusted pretax profit for the full year, driven by cost cuts, sending shares of Britain’s largest building materials group up more than 5 percent.
The company’s adjusted profit before tax rose 1.2 percent to 347 million pounds ($456.03 million), for the year ended Dec. 31, beating analysts’ average consensus of 334.4 million pounds, according to Refinitiv IBES.
(Reporting by Sangameswaran S in Bengaluru; Editing by Rashmi Aich and Shounak Dasgupta)
