Reece (ASX:REH) EBITDA up 12% in HY21

Company News

by Katrina Bullock

Plumbing and bathroom supplies company Reece (ASX:REH) achieved 3.07 billion in sales revenue in the half-year ended 31 December 2020.

Earnings before interest, tax, depreciation and amortisation grew 12 per cent during the half to $349 million.

Net profit after tax was up 17 per cent to $123 million.

Reece has maintained its interim dividend of 6 cents per share for the half.

Shares in Reece (ASX:REH) closed 0.67 per cent higher at $16.51 yesterday.

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