Wolseley Hit by Profits Dive with No Relief in Sight

Evening Standard - London › May 28, 2009

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Summary

BUILDING supplier Wolseley today said profits crashed in the first nine months of the year -- and warned that the economy will not recover until 2010 at the earliest.

The firm, which owns the Build Center and Plumb Center brands, reported profits of Pounds 72 million for the nine months to the end of April, down 88% on the same period last year.

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Extract

Wolseley Hit by Profits Dive with No Relief in Sight

Chief executive Chip Hornsby said business in the UK a...

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