Reliance Worldwide logs best day in 3-1/2 years on better-than-expected results

Reliance Worldwide

20/08/2024 02:24

** Shares of Australian plumbing solutions provider Reliance
Worldwide Corp  RWC.AX  soar as much as 10.4% to A$5.190, their
biggest intraday jump since late January 2021
    ** RWC among top 5 gainers in the ASX200 benchmark index
 .AXJO 
    ** Says FY adjusted profit of $146.9 mln beats VA consensus
of A$145.8 mln
    ** FY net sales of $1.25 bln beats consensus of $1.23 bln
    ** Announces final dividend of 5 cents apiece
    ** However, adds that 1H25 group external sales are expected
to be flat
    ** RWC up 6.1% this year as of last close

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))