Wolseley Reports 30% Rise In Q3 Trading Profit

Wolseley PLC WOSYY reported a 30% rise in its trading profit for the third quarter ending April 30 on Wednesday. Wolseley reported its trading profit at 131 million pounds ($215.5 million), up from 101 million pounds, in the year-earlier period. Its revenue increased 1% to 3.27 billion pounds, and increased 6% on a comparable basis. Wolseley's adjusted net debt dropped to 824 million pounds, from 1.34 billion pounds, in the year-earlier period. Wolseley shares gained 2.80% to close at $3.31 yesterday. Read more from Benzinga's Company news.