Cavalier sinks into the red as restructuring costs mount – The National Business Review
Cavalier Corp sank back into the red after the overhaul of the wool carpet maker’s operations proved more expensive and more prolonged than expected, raising flags over the company’s ability to keep operating as a going concern. The Auckland-based company posted a loss of $2.1 million, or 3.1 cents per share, in the 12 months…