Grafton managing director Mr Norman Kilroy has made a cash profit of more than €640,000 after exercising share options and then selling the shares in the market. Mr Kilroy bought 262,500 shares at a €0.56 option price yesterday and sold them into the market at €3.00 each.

This is the third time in the space of 18 months that Mr Kilroy has made a large profit on share options.