RWC Maintains Stability Amid Economic Challenges

Reliance Worldwide Corp. Ltd. (AU:RWC) has released an update.

Reliance Worldwide Corporation Ltd. reported a moderate increase in net sales to US$1,245.8 million, but a 21% drop in net profit after tax to US$110.1 million for the financial year ended June 2024. Despite economic challenges, the company maintained stable margins through cost-saving initiatives and new product introductions, and strengthened its financial position with a 7% increase in operating cash flow enabling the acquisition of Holman Industries. Shareholders will see a final distribution, split evenly between a cash dividend and a share buy-back, reflecting the company’s robust financial strategy.

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