Gentrack posts $8.7M loss on CA Plus write-down

Thu, 23 May 2019

By Gavin Evans May 24 (BusinessDesk) - Utilities software specialist Gentrack Group has reported an $8.7 million first-half loss after writing off the value of airport software developer CA Plus it acquired in 2017. The company, which provides billing and customer management software for power companies, airports and water providers, says CA Plus was acquired as an early-stage developer of airport retail and concessionaire systems for retailers. But it has not performed and Gentrack has written off its $14.6 million carrying value. Goo...

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