Plumbing supplier's green shoots snipped by rate hike

First-half net profit for plumbing, bathrooms and trade supplier Reece has taken a hit. (Aap/AAP PHOTOS)

An iconic Australian business, whose fortunes are linked to the health of the building and renovations market, is cautious about its outlook after the recent interest rate rise.

Plumbing, bathrooms and trade supplier Reece on Monday reported a 20 per cent fall in first-half bottom-line net profit to $144.2 million.