GWA sees home market recovery but commercial lags
Liam WalshReporter
Key Points
- 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.
Loading...
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Manufacturing
Fetching latest articles