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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.