Gowing Bros. Limited is an Australia-based investment company, which is engaged in wealth management and investment. The Company maintains and manages a diversified portfolio of assets, including long-term equity and similar securities, investment properties, managed private equity, property development projects and cash. The Company's segments include cash and fixed interest, equities, private equities, investment properties, development properties and others. The Company's investment objective is to focus on preserving and growing the value of its underlying financial and real assets, and to grow net income from ordinary activities as the principal source of income to pay ordinary dividends.

Sales Analysis. During the second fiscal quarter of 2021, sales at Gowing Bros. Limited totalled A$33.29 million. This is an increase of 2.8% from the A$32.39 million in sales at the company during the second quarter of 2020. Gowing Bros. Limited reported sales of A$61.68 million (US$47.56 million) for the fiscal year ending July of 2020. This represents a decrease of 7.4% versus 2019, when the company's sales were A$66.61 million. Contributing to the drop in overall sales was the 24.1% decline in Investment Properties, from A$20.84 million to A$15.82 million. There were also decreases in sales in Listed Equities (down 6.5% to A$679,000.00 ) and Cash and Fixed Interest (down 17.6% to A$211,000.00 ) . However, these declines were partially offset by the increase in sales of Surf Hardware International - Retail (up 0.3% to A$42.66 million) and Private Equities (up 59.8% to A$131,000.00 ) .