Wolseley Posts Rise In Q3 Profit

Wolseley PLC WOSYY reported a rise in its third-quarter trading profit. Wolseley's quarterly revenue fell to GBP3.197 billion, versus GBP3.27 billion, in the year-ago period. Its trading profit rose to GBP141 million from GBP131 million. Wolseley's gross margin came in at 27.7%. Its operating costs surged 3.6% y/y. Wolseley shares closed at $3.57 yesterday.