* FY adj pretax profit falls by 54 percent to 293 mln stg
* Sees market conditions remaining difficult in 2010
(Adds details)
LONDON, Sept 28 (Reuters) - British building supplies company Wolseley said on Monday pretax profit for the year fell 54 percent and reiterated its bleak view of the market for 2010.
The company predicted commercial and industrial markets would get worse, but also said residential markets would show continuing stabilisation.
It expects its profit in the second half to show improvement as it benefits from cost-cutting measures.
During the full year ended July 31, it earned adjusted pretax profit down 54 percent to 293 million pounds ($468.4 million), on revenue which fell 2.5 percent, or by 16.3 percent at constant currency, to 14.4 billion pounds. (Reporting by Ben Deighton; Editing by Kate Holton) ($1=.6255 Pound)