Hellaby forecasts 35% gain in full-year profit as four out of five units perform

Sun, 25 May 2014

By Jonathan Underhill May. 26 (BusinessDesk) - Hellaby Holdings, whose interests range from footwear to oil and gas services, said full-year profit may rise 35 percent on improved performance of four of its five divisions, although footwear continues to lag behind and Contract Resources undershot its forecast. The shares fell. Profit is expected to be about $25 million in the year ending June 30, from $18.2 million a year earlier, the Auckland-based company said in a statement. Earnings before interest, tax, depreciation and amortisation...

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