Travis Perkins full-year profit beats; shares rise

Travis Perkins full-year profit beats; shares rise
FILE PHOTO: A worker stacks bricks at the Vauxhall depot of building material supplier Travis Perkins in London, Britain, October 25, 2013. REUTERS/Neil Hall/File Photo   -  Copyright  Neil Hall(Reuters)
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)

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