GWA Group profits rise on back of group earnings and lower net interest expense

Company News

by Anna Napoli

Manufacturer and distributor of building and household fittings, GWA Group (ASX:GWA) has announced its half year results for financial year 2019 with net profit, earnings and revenue all higher on a year on year basis.

Net profit rose 7.3 per cent to 26.6 million.

Revenue strengthened over the period and rose 2.6 per cent to 182.6 million.

Earnings (EBIT)  increased by 3 per cent to 38.7 million.

The company declared an interim dividend of 9 cents per share fully franked.

GWA says the strong increase in net profit reflects the increase in group earnings together with lower net interest expense compared to the year earlier period.

Shares in GWA Group (ASX:GWA) closed flat on Friday at $3.20.

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