Methven taps into profit

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.

Profit down but Methven upbeat

Profit down but Methven upbeat

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

Methven net profit down 22.2% to $7.8m

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.

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