Soft trading conditions in New Zealand and Australia led to a fall in half year profit for Cavalier.
After-tax profit for the carpet market fell 76% to $1.01 million in the six months to December.
Stripping out adjustments, profit fell nearly 59% to $1.4 million compared with $3.5 million a year ago.
Group revenue fell 6% to $101 million for the period.
The company said the first half was challenging due to the effect of high wool prices from the preceding year, and soft trading conditions.
