Tapware maker Methven continues annual revenue and profit growth in 2016

Wed, 24 Aug 2016

By Fiona Rotherham Aug. 25 (BusinessDesk) - Methven, the shower and tapware designer, has reported a 31 percent increase in full-year net profit to $7.7 million with strong sales in New Zealand and Australia, continuing a turnaround in its performance that started last year. The Auckland-based company changed its reporting date from March 31 to June 30 and in the 15-month period profit was $8.6 million, it said in a statement. Reported 12-month sales revenue of $105.8 million was up 8.1 percent on the prior year in line with guidance and...

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