Methven

Tight cost control and improvement in operating efficiency helped New Zealand shower and tapware designer Methven maintain profitability, albeit at a reduced level, in the six months ended September.

Under-siege tapware and bathroom fittings manufacturer Methven yesterday provided the market with some positive news as it reported a reduced half-year profit.

Shower and tapware company Methven Group reported a 22.2 percent fall in full year net profit to $7.8 million, and said it had weathered the fallout from the global economic crisis.