Cavalier sees 2014 earnings growth of up to 51 percent

Mon, 18 Nov 2013

Nov. 19 (BusinessDesk) - Cavalier Corp, the listed carpet-maker, is forecasting annual earnings growth of up to 51 percent after the company overhauled its business in the face of stiff competition from synthetic carpet manufacturers. The company forecasts normalised earnings of between $8 million and $10 million in the year ending June 30, 2014, managing director Colin McKenzie told shareholders at today’s annual meeting in Auckland. That’s up from $6.6 million in 2013, and comes after Cavalier clamped down on costs as it reduced brands, ad...

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