Accounting and earn-out adjustments help Intueri first-half profit more than triple

Wed, 19 Aug 2015

By Paul McBeth Aug. 20 (BusinessDesk) - Intueri Education Group, the private training college that's twice downgraded its annual earnings outlook, boosted first-half profit 277 percent in a result bolstered by the reversal of charges it thought it would have to pay relating to an accounting error and potential earn-outs on two acquisitions. Net profit jumped to $6.1 million, or 6.1 cents per share, in the six months ended June 30, from $1.9 million, or 4.2 cents, a year earlier, the Auckland-based company said in a statement. That include...

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