Cavalier says market conditions still challenging

Thu, 23 May 2019

By Rebecca Howard May 24 (BusinessDesk) - Cavalier Corp expects to break-even in the second half, meaning annual normalised profit will remain around $1.9 million as market conditions remain tough. "The challenging market conditions noted in February 2019, particularly in Australia, have continued into the second half of the financial year, with slowing demand also being seen in the New Zealand market in recent months," it said in a statement. Normalised net profit was $4 million in the prior year. Cavalier reported first-half normal...

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