Forsyth Barr analysts doubt Heartland's profit guidance

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...

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