Finance

Forsyth Barr analysts doubt Heartland's profit guidance

Jenny Ruth
Tue, 08 Dec 2020

Forsyth Barr analysts are dubious about Heartland Group Holdings' ability to meet its full-year guidance, even though the company told the annual shareholders' meeting it is tracking ahead of expectations.Heartland told the meeting net profit for the four months ended October was $29.9 million. If one assumed that represented an average monthly performance, the implied full-12 months result would be $89.7 million.However, the company kept its full-year guidance unchanged at a net result of $83 million to $85 million, pointing to the lev...

Try free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
A custom library of your saved stories
An industry-leading search engine
Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Support quality New Zealand journalism by subscribing today.

Find out more

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Infrastructure

New players sought for electricity futures market

Gavin Evans | Wed, 20 Jan 2021

Paying new players to offer market-making services may improve pricing, Electricity Authority believes.

Opinion

BlackRock mansion: where $12T lives

David Chaplin | Wed, 20 Jan 2021

Global funds management is concentrating into fewer and fewer hands.

Primary Sector

The Zespri effect: Has NZ's hops industry found its Sungold?

Brent Melville | Wed, 20 Jan 2021

New Zealand's hop industry has a clear vision for the future, though this includes some fairly hazy IPAs.

Forsyth Barr analysts doubt Heartland's profit guidance

Not convinced yet?

Your company has a subscription

Team