CBL sees annual earnings growth of up to 22% in 2017

Tue, 28 Feb 2017

By Paul McBeth March 1 (BusinessDesk) - CBL Corp expects to see annual earnings growth of up to 22 percent in calendar 2017, providing detailed guidance less than a week after reporting full-year profit for 2016 that missed some market expectations. The Auckland-based credit surety and financial risk insurance firm expects underlying operating profit to rise by between 18 percent and 22 percent in calendar 2017 on revenue growth of 12 percent to 16 percent, according to presentation slides filed to the NZX. The insurer's operating earnin...

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