News: RWC Reliance Worldwide Corporation Reports FY Net Profit After Tax Rose 111% To A$188.2 Mln

Aug 23 (Reuters) - Reliance Worldwide Corporation Ltd (RWC) :

• FY NET PROFIT AFTER TAX ROSE 111 PERCENT TO A$188.2 MILLION
• FY REVENUE FROM ORDINARY ACTIVITIES A$1,340.8 MILLION VERSUS A$1,162.4 MILLION
• DECLARES FINAL DIVIDEND OF OF 7.0 AU CENTS PER SHARE
• FY ADJUSTED NET PROFIT AFTER TAX ROSE 63 PERCENT TO A$211.9 MILLION
• SEES CAPITAL EXPENDITURE IS EXPECTED TO BE ABOUT US$60 MILLION TO US$70 MILLION IN FY22
• SEES FURTHER COST REDUCTION INITIATIVES EXPECTED TO DELIVER US$12 MILLION FOR FY 2022
• SEES NET INTEREST EXPENSE IS EXPECTED TO BE IN RANGE OF US$7 MILLION TO US$9 MILLION IN FY22
• IN JULY, POSITIVE SALES GROWTH OVER SAME MONTH IN PRIOR YEAR WAS EXPERIENCED IN ALL THREE REGIONS
• SEES DEPRECIATION & AMORTISATION EXPENSE TO BE IN RANGE OF US$46 MILLION TO US$48 MILLION IN FY22
• JULY REPORTED NET SALES UP 9% OVERALL AND 6% ON A CONSTANT CURRENCY BASIS

(RWC)

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