GWA Group sees growth from 2021
Liam WalshReporter
Key Points
- Half-year revenue ($m) 206.3 , up 13.0%
- Pre-tax profit ($m) 33.3 , down -6.2%
- Net profit ($m) 23.6 , down -68.7%
- Interim dividend (c) 8.0 , down -11.1%
- Date dividend payable March 4
Toilet and tap maker GWA says stronger signs are emerging that the housing market could return to growth in 2021.
“Excess [housing] capacity has been taken up,” GWA chief executive Tim Salt told The Australian Financial Review. “Certainly the indications on approvals would suggest that it has sort of bottomed and will start to pick up from here.”
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