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Sat September 21 2024

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Wolseley rises in the quarter

7 Dec 10 Heating and plumbing supplier Wolseley has reported a strong rise in trading profits for the quarter ending 31 October, up 39% on the same period in 2009.

Trading profit for the quarter was 拢159m, compared with 拢114m last year.

Group revenue and gross profit were both up 2%, to 拢3.471bn and 拢93m respectively.

UK sales in the quarter fell 4% from last year鈥檚 拢658m to 拢633m, although this was largely due to the disposal of Brandon Hire. On continuing operations, UK revenue was up 5%. Trading profit form the UK was up from 拢23m to 拢30m.

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