Waterco Limited Reports Soaring Profits and Sales

Waterco Limited (AU:WAT) has released an update.

Waterco Limited has experienced a significant year of growth, with sales revenue skyrocketing by 85% to $239.09 million and net profit after tax rising by 28% to $13.85 million. This financial surge is largely attributed to the integration of Davey, which has notably boosted the Australian and New Zealand division’s EBIT by 192%. Despite economic headwinds such as a weaker Australian dollar and rising input costs, the company’s diverse divisions, including the successful Swimart franchise, have pushed forward, showing resilience and potential for further expansion.

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