Mercer Group returns to profit with a $227k first-half result

Tue, 26 Feb 2019

By Jenny Ruth Feb. 26 (BusinessDesk) - Mercer Group has returned to profitability with a skinny $227,000 net result with revenue rising 10 percent to $18 million. The stainless steel products manufacturer posted a $365,000 net loss in the same six months a year earlier and a $7.9 million net loss for the year ended June. Earnings before interest, tax, depreciation and amortisation rose to $596,000 in the six months ended December from $96,000 in the year-earlier six months. Still, strong cash flow from its H&C automated solutions bu...

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