Mercer annual earnings fall after it sales of Titan slicers miss targets

Wed, 08 Jul 2015

By Tina Morrison July 9 (BusinessDesk) - Mercer Group annual earnings fell after the stainless steel fabricator and manufacturer sold less of its Titan 500 slicers than it expected. Earnings before interest, tax, depreciation and amortisation was between $600,000 and $800,000 in the year ended June 30, the Auckland-based company said in a statement. That's down from Ebitda of $1 million the year earlier and means the company didn't meet its forecast for earnings growth. It said it was on track to meet its target for revenue growth of at l...

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