Cavalier expects annual earnings to rise following restructure

Tina Morrison
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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Tourism needs to 'embrace' job-sharing to spur recovery – report
Brent Melville | Wed, 10 Aug 2022

An industry that lost more than a third of its workforce during the pandemic needs to start thinking differently about work sharing.

Primary Sector
A2 Milk gets shot down because of issues in application
Rebecca Howard | Wed, 10 Aug 2022

The FDA continues to work around the clock to address current supply challenges, including reviewing a number of requests from manufacturers for enforcement discretion, as quickly as possible, a spokesperson said. 

Law & Regulation FREE
Cigna admits to wrongly lifting customers' cover and premiums
Ella Somers | Wed, 10 Aug 2022

Cigna Life Insurance has admitted to misleading more than 52,000 customers.

A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.

Energy of the future: Why we need innovation

The Tomorrow’s Energy Today conference is looking at ways to develop a clean, affordable and reliable energy future, says Brendan Winitana, chair of the Sustainable Energy Association New Zealand (SEANZ).