Reece Australia Limited Announces Sales Results for the Ten Months Ended April 30, 2014; Provides Earnings Guidance for the Year 2014
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.