Travis Perkins sees profit lift by 20pc

Travis Perkins reported adjusted pre-tax profit up 20 per cent to £217m in the year to the end of December.

Revenue was up eight per cent at £3.153bn five per cent at the builders' merchants.

Net debt reduced by £205m to £774m.

A final dividend of 10p per share will be paid, making a total dividend of 15p per share for the full-year.

Chief executive Geoff Cooper said: "The Group made excellent progress in 2010, a year in which our organic development strategy, against a background of depressed levels of construction activity, produced a strong financial performance.

"The Group achieved further market share gains and impressive increases in profits."