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Auditors raise concerns over Cavalier’s finances

NZX-listed company insists it remains a ‘going concern.’

Andrew Bevin Tue, 27 Aug 2019

Auditors KPMG say there is “material uncertainty” about the health of carpet maker Cavalier, after another difficult year that has driven its finances into the red.

The NZX-listed carpet business revealed today it made a loss of $16.8 million in the year to June 30, down from a $4m profit in

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Andrew Bevin Tue, 27 Aug 2019
Contact the Writer: andrew@nbr.co.nz
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Auditors raise concerns over Cavalier’s finances
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