Stock Groups

Pandemic-led U.S. home improvement demand boosts Ferguson annual profit By Reuters

by Mike Robinson

[ad_1]


(Reuters) -London-listed plumbing supplies provider Ferguson Plc reported higher annual profit on Tuesday, as customers spent more on home improvement projects during the pandemic.

The pandemic caused strong demand for home improvement in many Western markets, but Ferguson Plc, a U.S.-focused company, said that it expects the market to slow down later this year.

According to the company, underlying trading profits climbed 32% and reached $2.10 Billion in the year ending July 31.

Revenue rose 14 percent to $22.79 billion. The United States contributed over 94%.

The firm declared a final dividend of 166.5 cents per share, making it a 15% jump in the total dividend for the year.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs are stocks, futures, indexes or Forex. The prices of Forex and CFDs are not supplied by exchanges. However, market makers provide the prices. This means that prices might not reflect actual market prices and prices could be incorrect. Fusion Media does not accept any liability for trade losses as a result.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]