Hellaby warns first-half earnings likely to fall; still sees annual profit growth

Thu, 01 Oct 2015

By Fiona Rotherham Oct. 1 (BusinessDesk) - Hellaby Holdings, the NZX-listed diversified investment company, still expects higher annual earnings in 2016, but warned the first-half will be down from the year earlier. Managing director John Williamson told shareholders in Auckland that earnings growth will be weighted to the second half, mainly due to the spread and timing of some major projects in its Contract Resources oil and gas services business and affirmed guidance that it expects to beat its record annual profit in 2016. The shares...

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