Australia's Reece falls after annual profit drops
24/08/2026 06:25
BUZZ-Australia's Reece falls after annual profit drops ** Australia's Reece REH.AX falls as much as 7.1% to A$15.370, its biggest intraday pct drop since April 16
** Shares hit lowest level since July 14
** The plumbing products distributor reports annual NPAT of A$308 million($220.71 million), down from A$317 million last year
** Co says, U.S. residential new construction remains a challenge in FY27
** YTD, stock up 23%
(Reporting by Tejas Harish in Bengaluru)
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