Godfrey Hirst lifts NZ carpet sales 3.5%, profit slips on year-earlier one-time gains

Thu, 11 Dec 2014

By Jonathan Underhill Dec. 11 (BusinessDesk) - Godfrey Hirst, the biggest carpet maker in Australasia, lifted sales at its New Zealand unit by 3.5 percent, while profit fell from a year earlier, which was swelled by one-time gains. Hirst’s Avon Pacific Holdings unit reported sales in the year ended June 30 of $160.1 million, from $154.7 million a year earlier, according to its financial statements. Profit dropped to $5.4 million from $10.8 million a year earlier, when it recorded a gain of $6.5 million on the purchase of Summit Wool Spin...

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