Hellaby downgrades earnings outlook, citing economic, market conditions

Mon, 30 Nov 2015

By Tina Morrison Dec. 1 (BusinessDesk) - Hellaby Holdings, the diversified investment company, downgraded its estimate for annual earnings, citing variable economic and market conditions across its major markets. Annual trading profit before interest, tax, depreciation and amortisation is expected to be "broadly in line" with the $59.1 million it reported last year, the Auckland-based company said in a statement. At its annual meeting two months ago, the company said it expected to beat last year's profit. It reiterated that earnings w...

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