Godfrey Hirst's NZ profit climbs 41% to six-year high ahead of Mohawk sale

Mon, 04 Dec 2017

By Paul McBeth Dec. 4 (BusinessDesk) - Godfrey Hirst reaped its biggest profit in six years from New Zealand, leaving the local unit in good health as global flooring manufacturer Mohawk Industries folds the Australasian carpetmaker into its empire. The local holding company - Avon Pacific Holdings - reported a profit of $15.4 million in the 12 months ended June 30, up from $11 million a year earlier, the latest financial statements filed with the Companies Office show. Revenue edged up 1.8 percent to $177.8 million and gross margin wide...

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