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Reliance Worldwide Corporation Announces Results for the Full Year Ended 30 June 2021

23 Aug 2021  |  08:10:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FY2021 results announcement

Reliance Worldwide Corporation announced its consolidated results for the financial year ended 30 June 2021. It reported net sales were $1,340.8m, up 15% on the prior year. Net sales on a constant currency basis were up 25%. Asia Pacific sales were 13% higher for the year with external sales up 11% reflecting Australian new housing construction and remodel markets. Inter-company sales were up 16% driven by strong demand in the Americas. Reported net profit after tax is of $188.2m, up 111%. It announced final dividend of $55.3m, being 7.0 cps. The total dividends declared for FY 2021 is $102.7m, being 13.0 cps.

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