Bremworth Limited, the leading New Zealand wool carpet and rug business, has reported strong results for the six months to 31 December 2021, despite the disruption caused by the COVID-19 pandemic.
Growing consumer demand for Bremworth’s premium wool carpet and rugs saw an uplift in sales and margins, while Elco Direct’s wool buying business also performed well.
Over 50% of 1H22 capital expenditure was invested into manufacturing plant improvements to enable higher output.
CEO Greg Smith commented: “Our long term all wool strategy is on track and the company is making excellent progress across its FY22 priorities.
Despite the challenging conditions and supply chain headwinds, our team has delivered a solid result.” Positive market and economic trends are expected to support continued demand and sales growth of Bremworth’s wool carpets and rugs.
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