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Wed October 28 2020

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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 £159m, compared with £114m last year.

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

UK sales in the quarter fell 4% from last year’s £658m to £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 £23m to £30m.

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