Wolseley H1 Net Profit Surges 28%

Wolseley PLC WOSYY reported a 28% surge in its half year profit. Wolseley's profit before tax for the period rose to GBP250 million, versus GBP195 million, in the year-ago period. Its revenue came in at GBP6,841 million. Wolseley's trading profit climbed 13% to GBP310 million. Wolseley's underlying trading profit in the ongoing business surged 16% to GBP318 million. It lifted interim dividend by 33% to 20 pence per share. Wolseley shares closed at $3.95 yesterday.