The company said it expected business conditions to get worse in the next few months

AFP Monday March 17, 03:34 PM
  • Email page
  • IM Page
  • Blog this on Yahoo! 360!
  • Print page
A foreclosure sign in front of a home in Miami, Florida. Wolseley, the world's biggest distributor of plumbing and heating products, has said that first-half net profits collapsed by almost 70 percent due to its exposure to the US subprime housing sector. A foreclosure sign in front of a home in Miami, Florida. Wolseley, the world's biggest distributor of plumbing and heating products, has said that first-half net profits collapsed by almost 70 percent due to its exposure to the US subprime housing sector.

AFP