Waterco Limited (AU:WAT) has released an update.
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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.
For further insights into AU:WAT stock, check out TipRanks’ Stock Analysis page.