Gentrack lifts 1H earnings 80%, sees 'strong pipeline of opportunity' in all markets

Tue, 29 May 2018

By Tina Morrison May 30 (BusinessDesk) - Gentrack Group lifted first-half earnings 80 percent as the utilities software developer benefited from new projects and acquisitions made last year and said it had a strong pipeline of opportunities. The Auckland-based company posted underlying earnings before interest, tax, depreciation and amortisation of $15.9 million in the six months ended March 31, up from $8.8 million a year earlier and in line with its forecast for ebitda of $15 million to $16 million. Revenue rose 80 percent to $52 millio...

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