October 1, 2019 / 6:24 AM / 2 months ago

Ferguson posts 7% rise in annual profit

Oct 1 (Reuters) - Plumbing parts distributor Ferguson Plc on Tuesday posted a 7% rise in full-year profit, benefiting from better margins and cost cuts.

The company, formerly known as Wolseley, said trading profit rose to $1.60 billion in the year ended July 31 from $1.49 billion a year earlier. (Reporting by Justin George Varghese in Bengaluru; Editing by Bernard Orr)

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