Cavalier significantly downgrades earnings, expects loss
CEO opens up on why the business has been hit so hard.
Cavalier Corporation [NZX:CAV] has significantly downgraded full-year earnings expectations, with a “crisis” in the wool industry hitting the company hard.
The listed carpet maker warns it expects to post a loss of about $2 million in normalised earnings after tax in the year to June 30.
The
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Calida Smylie
Thu, 01 Jun 2017
Thu, 01 Jun 2017
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Cavalier significantly downgrades earnings, expects loss
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