Reece Limited (AU:REH) has released an update.
Reece Limited reports a 3% rise in sales revenue to $9.105 billion and an 8% increase in statutory net profit after tax (NPAT) to $419 million for the fiscal year 2024. The company’s steady performance, amidst a challenging market, is marked by a 4% hike in the final dividend to 17.75 cents per share. Reece Group, known for its distribution of essential trade products, emphasizes its commitment to solid fundamentals and long-term investment despite the expected market difficulties ahead.
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