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GWA sees home market recovery but commercial lags

Liam WalshReporter

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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.

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    Original URL: https://www.afr.com/companies/manufacturing/gwa-sees-home-market-recovery-but-commercial-lags-20210215-p572p3