Methven says 1Q sales, earnings up

Tue, 30 Oct 2018

By Gavin Evans Oct. 31 (BusinessDesk) - Shower and tapware designer Methven says the new financial year has started well with a 6 percent lift in September quarter revenue and net profit growth for the period of $560,000. The company, which has added China to its international expansion, now gets most of its sales in Australia. Strong growth there, the UK and China has seen international sales grow at a compound annual rate of 4.7 percent the past three years, while earnings before interest and tax increased almost 58 percent on the sa...

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