New Zealand's Cavalier Corp hits over 1-yr low; co expects H2 to be challenging

Bremworth

20/03/2019 01:14

** Shares of carpet maker Cavalier Corporation Ltd  CAV.NZ 
fall as much as 4.2 pct to NZ$0.460, their lowest since Feb. 15,
2018
    ** The company anticipates a tougher second half due to
softening market conditions  urn:newsml:reuters.com:*:nFWN2160S7
    ** On Feb. 22, Cavalier said it incurred a net loss after
tax of NZ$10 million in the first-half, compared with a profit
of NZ$1 million in the previous year  urn:newsml:reuters.com:*:nFWN20G10O
    ** Stock posts its biggest intraday pct loss since Feb. 22
    ** Co's shares down 12.7 pct this year, as of last close

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