Business
ASX 200 falls 0.6% on Wednesday 27 January 2021
The S&P/ASX 200 Index (ASX: XJO) fell by 0.65% today to 6,781 points.
Here are some of the highlights from the ASX:
Reliance Worldwide Corporation Ltd (ASX: RWC)
The Reliance share price rose 6.6% today after the company impressed the market with a trading update for the first half of FY21.
It said that it achieved net sales of $642 million, up 13% on the prior corresponding period. Earnings before interest, tax, depreciation and amortisation (EBITDA) is expected to be in the range of $164 million to $167 million, up at least 30% compared to the prior corresponding period.
The company also said that EBITDA margins have increased as a result of the strong operational leverage driven by higher volumes, and each region is expected to…
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