Gentrack lifts first-half profit 46% as new utility deals spur revenue gains

Wed, 24 May 2017

By Paul McBeth May 25 (BusinessDesk) - Gentrack Group, the utilities software developer which has been on a buying spree, lifted first-half profit 46 percent as new utilities contracts spurred an increase in sales, offsetting a more muted period for its airports software business. Net profit rose to $5.6 million, or 8 cents per share, in the six months ended March 31, from $3.8 million, or 5 cents, a year earlier, the Auckland-based company said in a statement. Revenue advanced 24 percent to $28.9 million and earnings before interest, ta...

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