29 Aug 2013

Loss turned around by Mercer

12:46 pm on 29 August 2013

Mercer Group has reported a bottom line annual profit of nearly $800,000 compared with the previous year's loss of almost $1 million.

Operating profit of $2.5 million for the 12 months ended June was at the top of the company's guidance of between 2.2 million and 2.5 million.

The stainless steel products company said it expects improved earnings in the current year and it will spend less on capital projects.