Cavalier expects annual earnings to rise following restructure

Mon, 23 Nov 2015

By Tina Morrison Nov. 24 (BusinessDesk) - Cavalier Corp expects annual earnings to rise this year as the New Zealand carpet maker restructures its business to boost profitability. Normalised profit is expected to be in the range of $3 million-to-$5 million in the year ending June 30, 2016, the Auckland based company said in a statement. That's ahead of the year earlier normalised earnings of $1.1 million. Cavalier said the profit forecast for thi...

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