Milestones Achieved in Adelaide
- 19th May 2023: RCM Co-op announced a record-breaking Q1 revenue, driven by the opening of new plumbers' workshops across Adelaide.
- 31st March 2023: The company reported a net profit increase of 15.6% YoY, marking its third consecutive year of profitability.
Related Market Data
The Australian plumbers' industry is expected to grow at a CAGR of 5.3% from 2020 to 2025, driven by increasing demand for plumbing services.
- ADP (Australian Domestic Products) index: +1.2% in Q1 2023, up from 12.9% in Q4 2022
- WPI (Wholesale Price Index) for Plumbing Supplies: +0.5% in Q1 2023 compared to the previous quarter
