29 Aug 2009

Tenon profit drops

1:36 pm on 29 August 2009

Building products firm Tenon has broken even after saying it faced an extremely difficult year in the ailing US housing market.

The listed firm's profit dropped from $US3 million to zero, as revenue dropped by 14% to $322 million.

Tenon says there are signs that the worst is over for the housing market but warns it is still early days.