Australia's Reliance Worldwide jumps on $17.8 mln share buyback
19/02/2024 24:02
** Shares of Reliance Worldwide Corp RWC.AX rise as much
as 8.4% to A$4.780, set for best day since April 27, 2021 - if
current gains hold
** Plumbing products and services firm posts HY adjusted net
profit after tax (NPAT) of $67.7 mln, up 0.3% y/y
** Declares on-market share buyback for $17.8 mln
** Declares total interim distribution of 4.5 cents per
share
** Stock hits its highest level since Aug. 18, 2022
** Stock down 0.45% this year, as of last close
(Reporting by Rajasik Mukherjee in Bengaluru)
((Rajasik.Mukherjee@thomsonreuters.com;))
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