Why the GWA Group (ASX:GWA) share price has gained 52% in six months

The GWA Group Ltd (ASX: GWA) share price has been sneaking up over the past 6 months, gaining more than 52% despite challenging market conditions.

However, shares in the water solutions product provider have dipped today, dropping 1.35% at the open to $3.66.

Let’s review some highlights from the half-year results released today to see what drives the GWA share price.

GWA Group financial results

For the half-year period ended 31 December 2020, GWA’s normalised net profit after tax was $20 million, a 17% dip compared to the previous corresponding period (pcp).

GWA grew revenue in New Zealand and the United Kingdom, but this was offset by the weaker Australian market. Group revenue for the half-year period slid 4.4% to $197.2…