Gentrack downgrades profit guidance again

Sun, 29 Sep 2019

By Jenny Ruth Sept. 30 (BusinessDesk) - Gentrack has downgraded its expected operating earnings yet again. The utilities software provider now says earnings before interest, tax, depreciation and amortisation for the year ending today will be between $25-26 million. It was only late July when Gentrack said it wouldn't achieve its previous target of ebitda slightly exceeding the $31 million it reported for its 2018 financial year, telling investors to expect a fall in ebitda to $27-28 million. The company says the latest downgrade is...

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