Will GWA Group's (ASX: GWA) focus on strategic initiatives drive future revenue growth?.

Mon 03 Jul 23, 09:27 AM | Team Kalkine

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GWA Group Limited (ASX: GWA) is an Australia-based supplier of building fixtures and fittings designed for households and commercial premises. The company is also engaged in research, design, import and marketing activities. Additionally, GWA distributes various products through a range of distribution channels in Australia, New Zealand and selected international markets.

For the half-year ended 31 December 2023, the company reported a revenue of AUD 207.1 million, 2.9% higher than the revenue of AUD 201.3 million reported in 1HFY22. The company said a favourable product mix and price increase drove its revenue growth. But it was partially offset by a volume contraction.

However, due to cost-saving measures undertaken by the company in response to the decline in volumes and cost increases, its net profit after tax jumped by 14.9% year-on-year to AUD 21.3 million in the first half of FY23.

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