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(Reuters) – UK plumbing distributor Ferguson Plc said on Monday it was banking on commercial profit comparable to that of badysts and announced a $ 500 million share buyback program.
The company, formerly known as Wolseley, said in March that it expects an annual commercial profit comparable to that of badysts. Analysts' consensus on commercial profit for 2019 is currently in the range of $ 1.59 billion, he said.
Report by Yadarisa Shabong and Justin George Varghese; Edited by Saumyadeb Chakrabarty
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