Gentrack says staff expansion to cut 1H earnings

Tue, 26 Feb 2019

By Gavin Evans Feb. 26 (BusinessDesk) - Utilities billing specialist Gentrack says first-half operating earnings will be about 20 percent lower than a year earlier due to extra spending on staff. The firm, which provides specialist software to power companies, water suppliers and airports around the world, says its earnings before interest, tax, depreciation and amortisation will be about $12.5 million in the six months through March, from $15.9 million a year earlier. Gentrack said the slide, down from $15 million in the six months en...

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