Gentrack shares sink on its Brexit caution

Thu, 29 Nov 2018

By Jenny Ruth Nov. 29 (BusinessDesk) - Gentrack says it’s cautious about how Brexit will affect its business in Britain and Europe in the short-term, even though it remains confident it can grow organic operating earnings at 15 percent or more in the long term. The company’s shares fell as low as $6.08, and were recently down 57 cents at $6.15, or 7.5 percent, from Wednesday’s close after it reported annual results in line with guidance, including a 17 percent increase in net profit to $13.9 million. Chief executive Ian Black told ana...

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