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Pandemic lifts one seat for toilet maker GWA, closes another

Liam WalshReporter
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Key Points

  • Revenue ($m): 405.7, up 1.8pc
  • Pre-tax profit ($m): 50.9 vs year-earlier 61.7
  • Net profit ($m): 35.1 vs year-earlier 43.9
  • Final dividend: 6.5c, payable October 6

Pandemic government incentives are boosting one key market for toilet and tap maker GWA, while lockdowns and border closures squeeze it elsewhere.

The mixed outlook came as GWA, whose products stretch from Caroma toilets to Clark kitchen sinks, revealed a fall in profit last year.

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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
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    Original URL: https://www.afr.com/companies/manufacturing/pandemic-lifts-one-seat-for-toilet-maker-gwa-closes-another-20210816-p58j20