New Zealand's Cavalier Corp hits 1-1/2 mth high; posts a turnaround in FY net profit

Bremworth

22/08/2018 01:35

** Cavalier Corp  CAV.NZ  rises as much as 5 pct to
NZ$0.630, highest since July 4
    ** Carpet manufacturer posts FY net profit of NZ$4.1 mln
($2.72 mln) compared with loss of NZ$2.1 mln a year ago
 urn:newsml:reuters.com:*:nFWN1VC0IB
    ** Stock posts biggest intraday pct gain since June 5; on
track to post third consecutive session of gain 
    ** About 189,000 shares change hands, compared with 30-day
average of 58,312 shares
    ** Stock up 46.3 pct this year as of last close
       
($1 = 1.5069 New Zealand dollars)

 (aditya.srivastsav.thomsonreuters.com@reuters.net)