Wool Services International's profit more than trebled in the six months to December 31.
The country's biggest carpet wool exporter posted an operating surplus after tax of $570,000, compared with $127,000 in the same period a year earlier and despite a 3.5 per cent drop in operating revenue to $57.96 million.
WSI chairman Pat Morrison said the company was culling stock levels in the depressed market, with assets falling 24 per cent to $48.47 million from $63.64 million a year earlier.
WSI optimistic after earnings turnaround
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