Methven expects revenue, profit growth this year after a decline in 2013

Tue, 30 Jul 2013

By Tina Morrison July 30 (BusinessDesk) – Methven, the tapware maker which posted a 20 percent drop in profit last year, expects solid sales and profit growth in the current financial year. Its shares rose 2.3 percent. “We are targeting solid sales and net profit after tax growth for the first half and full year of 2013/14,” chairman Phil Lough said in a statement for delivery to the annual meeting in Auckland today. “We are determined to build the revenue line back in Methven. That is our principal task and is what we will be reporting in th...

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