Exide Technologies turns to profit in 2013, sales slide after Petone plant closure, sale of unit

Fri, 04 Oct 2013

By Tina Morrison Oct. 4 (BusinessDesk) – Exide Technologies turned to a profit in the 2013 financial year as sales slid by two thirds after it closed its troubled battery recycling plant in Petone and sold the unit that made Exide and Marshall batteries to a rival. Exide’s New Zealand sales fell to $19.1 million from $58.6 million in the year ended March 31, as it posted a profit of $279,000 from a loss of $722,000 the year earlier, according to the Auckland-based company’s annual report. The company paid out $1.6 million during the year in...

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