GWA Group Profit Down 21% to $15.73m

Home accessories, bathroom and fixtures company, GWA International (ASX:GWA) have released their half year results for FY 2013 to shareholders and investors.

• GWA Group Net Profit $15.73 million, down 21 percent from $1993 million in the previous corresponding period.
• Managing director Peter Crowley said, " We continue to look at acquisition opportunities, but our focus is clearly on ensuring we deliver the short and long-term benefits of our major business restructure."
• GWA revenue down 8 percent to $289.9 million from $315 million.
• GWA acquired API Locksmiths for $13.1 million in October 2012. The acquisition added $6 million income.
• GWA announced a fully franked dividend of 6 cents per share.