Tap and toilet maker GWA has issued a bleak warning about housing markets to remain “very challenging” this year, sending shares tumbling.
Brisbane-based GWA’s profits have fallen for the past financial year, with COVID-19 striking at year-end sales in Australia and crunching revenues in UK and New Zealand markets.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
