Another Cavalier downgrade, managing director quits
UPDATED: Cavalier, which has bank debt of $60 million, has issued another earnings downgrade and is expecting to post a full-year loss.
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Cavalier Corporation’s [NZX:CAV] managing director has resigned in the wake of the carpet maker’s sixth successive profit downgrade.
Cavalier is now warning investors to expect a normalised annual profit at or below $1 million, down
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Jenny Ruth
Wed, 20 May 2015
Wed, 20 May 2015
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Another Cavalier downgrade, managing director quits
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