ASX:RIVWater Utilities
Rivco Australia (ASX:RIV) Shares Eye Profit Rebound As Revenue Stays Thin
Rivco Australia went into this result with a stock that has been sliding, down about 11% to 13% over the past week, month and quarter, and closing at A$1.25 on Friday. The market has been treating it as a rich, yield heavy story with a stretched price to sales multiple and a dividend that leans on thin cash coverage. The headline from this half is the earnings swing. Basic earnings per share for H1 2026 landed at A$1.33 and net income reached A$2.099 million, which sharply contrasts with the...