October 11, 2016 / 6:26 AM / in a year

BRIEF-Grainger sees annual profit at higher end of expectations

Oct 11 (Reuters) - Grainger Plc

* Good rental growth has continued, our sales performance has remained strong

* Expect recurring profit for year ended 30 September to be above 50 mln stg, at higher end of management expectations

* Expect to report modest growth in market value of our property assets in second half of year

* We expect to report high single digit year-on-year growth in NNNAV for full year

* Remain on target to deliver 24 pct cost savings in FY17 Source text for Eikon: Further company coverage: (London newsroom)

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