Graham up 44%

GRAHAM, the building and plumbing supplies group demerged in 1994 from BTR, yesterday reported a 43.9 per cent increase in first-half pre- tax profit to pounds 11.8m, but warned that "recent events make us cautious on the outlook for our sector".

Huddersfield-based Graham said moves to expand from plumbing into timber and building products were almost complete and it was confident the group was "prepared to weather any market changes ahead".