Wolseley Posts Lower H1 Pretax Profit

Wolseley PLC

posted a fall in its fiscal first half 2013 pretax profit. In the half year, its revenue declined to GBP6.28 billion, from GBP6.84 billion, in the year-ago period. Its profit before tax dropped to GBP199 million from GBP250 million, while earnings per share rose to 79.9 pence from 77.0 pence. Wolseley shares closed at $4.93 yesterday.