Revenue ($m) 197.2, down 4.4pc from year-earlier 206.3
EBIT ($m) 29.9 v 37.5
Net profit ($m) 18.5 v 23.6
Interim dividend 6c v 8c, payable on April 20
Toilet and tap maker GWA is forecasting a recovery in Australian residential markets from March this year, but warned higher-margin work for commercial buildings will remain subdued in the short-term.
“You are starting to see consumer confidence is pretty high,” managing director Tim Salt told The Australian Financial Review.
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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
