Shares of GWA Group (ASX:GWA) experienced an uptick as much as 8.6% to A$2.09, marking the largest intraday percentage increase since August 16, 2021.

The stock reached its pinnacle of the last half-year.

GWA Group (ASX:GWA), a supplier of construction products, reported a robust fiscal year statutory net profit after tax of A$43.2 million ($27.92 million), signifying a 22.7% growth from the previous year.

The company announced a final dividend worth 7.0 Australian cents per share.

In the 2024 fiscal year, GWA Group (ASX:GWA) is predicting a surge in interactions in multi-residential, social, affordable housing, and build-to-rent categories.

Over 922,000 shares were traded, a considerable rise compared to the 30-day average of roughly 380,000 shares.

Nevertheless, the stock has fallen 6.1% year-to-date until the latest close, against a 4.6% ascent in the ASX All Ordinaries index.

GWA Group (ASX:GWA) is a supplier of construction products.