Tenon doubles first-quarter earnings, on track for annual US$20 million target

Tue, 20 Oct 2015

By Suze Metherell Oct. 21 (BusinessDesk) - Tenon, which sells wood mouldings in the US, says underlying earnings doubled in the first quarter and are on track to meet its US$20 million target for the full year. Earnings before interest, tax, depreciation and amortisation rose to US$6 million in the three months ended Sept. 30, from US$3.2 million a year earlier, and on par with the US$6 million it reported in its first half last year, the Taupo-based manufacturer said in a statement. The figure included just under US$1 million of realised...

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