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21Oct93 UK: MERCHANTS ON THE UP - TRAVIS PERKINS/WOLSELEY FIGURES.

By Bill Fishlock.Perhaps the only real surprise of the interim results season came last month with better-than-expected figures from the builders' merchant Travis Perkins.These showed a 79 per cent rise in pre-tax profits to £9.3 million in the half ending June on an improvement in sales of only 10 per cent and in volumes of just 4 per cent.The figures highlight just how dramatic the impact a small improvement in business can be on a company which has rationalised and attacked ...

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