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21Oct93 UK: WOLSELEY SEES PROFITS INCREASE BY ONE-THIRD.

Wolseley, the builders' and plumbers' merchant, has unveiled a one-third rise in pre-tax profits to £121.1 million for the year ending July (1992: £91.3 million).The dividend was raised by 6 per cent.The company pointed to an easing of the recession in recent months in UK house building and maintenance, and on the east coast of the US.But chairman Jeremy Lancaster warned that 'there does not appear to be any great depth to the perceived recovery in the UK, while in the US ...

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