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Company News Summary

Reece Announces AGM Addresses and Presentation

28 Oct 2021  |  14:10:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: AGM Addresses and Presentation

Reece announced that sales revenue for the Company's Group of $6.3bn for FY2021, up 4% on FY2020. Normal earnings before interest, tax, depreciation and amortisation improved 11% to $720m. Statutory net profit after tax increased by 25% to $286m. The Board has declared a final dividend of 12 cents per share fully franked, taking the total dividends in FY2021 to 18 cents per share fully franked. In the Australia and NZ region sales revenue increased by 9% to $3.15bn dollars. The Company reported that in USA, its revenue grew 11% on a constant currency US dollar basis.

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