Business
Reece (ASX:REH) share price on watch after solid half year results
The Reece Ltd (ASX: REH) share price will be one to watch on Friday.
This follows the release of the plumbing parts company’s half year results after the market close yesterday.
How did Reece perform in the first half?
For the six months ended 31 December, Reece reported a 4% increase in sales revenue to $3,074 million.
This was driven by a 7% lift in Australia and New Zealand sales revenue to $1,564 million and a 1% increase in US sales revenue to $1,509 million. The latter was up 7% in constant currency.
Things were even better for its earnings thanks to margin expansion. The company reported a 12% increase in normalised earnings before interest, tax, depreciation and amortisation (EBITDA) to $349 million. And on the bottom…
-
General18 hours agoByford rail extension opening marks final stage of Perth Metronet
-
Noosa News24 hours agoFatal traffic crash, Baringa – Sunshine Coast
-
General19 hours agoMango the muster cat draws attention to western Queensland’s ongoing recovery
-
Business21 hours agoWhat $10,000 invested in the iShares S&P 500 IVV ETF could be in 10 years