Diligent earnings outlook downgraded on mounting costs, Craigs report says

Mon, 23 Jun 2014

By Suze Metherell June 24 (BusinessDesk) - Diligent Board Member Services, the governance app maker forced to restate its accounts, is expected to post weaker earnings than previously expected in the current financial year amid mounting costs, according to a Craigs Investment Partners analyst. The New York-based, NZX-listed company is expected to report earnings before interest, tax, demortisation and amortisation of US$19.1 million in calendar 2014, down from a previous forecast of US$25.6 million, and trimmed annual sales expectations b...

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