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Reporting Season - 23 February

Companies discussed: Reece (REH), Ampol (ALD) & Electro Optic Systems (EOS)

Stocks covered: 

  • Reece (REH): sees first-half net profit fall 20% as subdued housing markets in Australia, New Zealand and the US dampened demand for its products
  • Ampol (ALD): statutory profit after tax declined by 33% and,
  • Electro Optic Systems (EOS): books a net profit increase for the full year although it made a loss from continuing operations, Chief executive Andreas Schwer explained the company's results.

About the Author
ausbiz

ausbiz was founded by Kylie Merritt and David Koch and is Australia's leading provider of live and on-demand video of the latest news in Australian business, markets, economy and startups.