Gentrack lifts forecast for annual earnings 20%

Wed, 27 Sep 2017

By Tina Morrison Sept. 28 (BusinessDesk) - Gentrack Group, the utilities software developer, raised its expectation for annual earnings by 20 percent. The Auckland-based company expects group underlying earnings before net finance expense, tax, depreciation and amortisation and costs relating to acquisitions of $24 million in the year ending Sept. 30, ahead of its previous guidance of $20 million published on May 25, it said in a statement. The forecast includes capitalisation of product development costs of about $900,000, but exclu...

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