Mercer 2013 earnings at the top of forecast range, expects profit will rise further in 2014

Thu, 29 Aug 2013

By Tina Morrison Aug. 29 (BusinessDesk) – Mercer Group, the stainless steel fabricator, posted annual earnings at the top of its forecast range on strong demand for its products, and said profit would rise further in the coming year. Earnings before interest, tax, depreciation and amortisation more than doubled to $2.5 million in the 12 months to June 30, from $1.1 million the year earlier and compared with its June forecast of $2.2 million to $2.5 million, the Auckland-based company said in a statement. Revenue rose 16 percent to $38.8 milli...

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