June 19, 2018 / 6:18 AM / a month ago

CORRECTED-Ferguson's profit rises 17.1 pct, fuelled by U.S. residential market

(Corrects currency to U.S. dollars from pounds in second paragraph)

June 19 (Reuters) - Ferguson Plc, the world's largest distributor of plumbing and heating products, on Tuesday posted a 17.1 percent rise in quarterly profit, helped by solid demand from U.S. residential markets.

The company said profit rose to $356 million in the three months ended April 30 from $304 million, a year earlier.

The company said the current quarter had started well with organic revenue growth in line with the third quarter. (Reporting by Arathy S Nair in Bengaluru; Editing by Bernard Orr)

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