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

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...

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