G3 warns UK souvenir unit faces earnings hit over looming price hikes

Tue, 02 May 2017

By Paul McBeth May 3 (BusinessDesk) - G3 Group's British souvenir business faces a "significant profit downgrade" that has the NXT-listed mail operations and document manager's board trying to figure out ways to mitigate the decline. The Auckland-based company reported its fourth quarter key operating metrics today - the lower disclosure obligations required of firms on NZX's NXT market - which showed the company's profit margins were largely in line with its targets for the year ended March 31. Those targets were increased in April when...

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