Cavalier sees first-half profit up as much as 82%

Jenny Ruth
Tue, 04 Dec 2018

By Jenny Ruth Dec. 5 (BusinessDesk) - Cavalier Corp says the factory closures and job cuts of recent years are paying off with first-half profit set to rise by as much as 82 percent, even as the company faces softer market conditions in both Australia and New Zealand.  The carpet maker says normalised profit is expected to between $1.6 million and $2 million in the six months ending this month, up from $1.1 million a year earlier. That's driven in part by the new structure, where manufacturing has been consolidated to run more efficien...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

The Economist
The great Silicon Valley shake-out
The Economist | Sat, 02 Jul 2022

We look at the world’s startups and identify the safe, the uneasy and the doomed.

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.