Reece Australia Limited announced that as a result of improved trading performance and the integration of the Reece and Actrol businesses, sales for the ten months ending 30 April 2014 were 13.5% above the same period last year.

The company announced that normalized full year of 2014 earnings before tax and unrealized foreign exchange movements and acquisition costs are forecast to be in the order of 15% above the prior year. Taking into account the impact of the recognition of unrealized foreign exchange movements and accounting for acquisition costs, the statutory profit before tax is forecast to be in the order of 3% to 5% above the prior year.