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Profit at Wolseley's Ferguson Unit Fell 23% in Fiscal '10

Wolseley Plc, the U.K.-based construction supply giant, announced that its U.S. operations--primarily the plumbing supply distributor Ferguson--posted a 22.7% decline in trading profit for the year ended July 31 to reach 239 million pounds ($375.2 million) on an 11.1% drop in revenue to 5.17 billion pounds ($8.12 billion). More

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