Reece Group sees profit lift 6%, revenue rise 11%

Company News

by Rachael Jones

Plumbing and bathroom supplies business the Reece Group (ASX:REH) has reported their net profit after tax (NPAT) is up 6.1 per cent to $225 million on the prior corresponding period.

Its sales revenue is up 10.7 per cent to $2,689 million.

Its EBITDA 5.4 per cent to $378 million. 

The Reece Group also today announced the retirement of Bruce W.C. Wilson effective immediately and Ronald Pitcher at 25 October 2018.

Dividend per share 1.3 per share to 20.25 cents per share.

Shares in Reece Group (ASX:REH) closed 2.01 per cent lower to $12.20 yesterday.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.