Business
WGN) share price soars, cements plan for growth
The Wagners Holding Company Ltd (ASX: WGN) share price jumped 8% yesterday after reporting its FY21 half-year result.
Wagners is a diversified Australian construction materials and services provider. It produces cement, concrete, aggregates and composite products. It offers a ‘Earth friendly concrete’ product and it also provides transport services, precast concrete and reinforcing steel.
What did Wagners report in the FY21 half-year result?
The building products business reported that total revenue increased by 26.9% to $155.8 million. Wagners said that revenue increased due to improved transport, quarry, concrete and cement sales.
There was a 15% increase in crossarm sales offset by lower activity in pedestrian…
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