Intueri cuts full-year guidance a second time, citing softer Quantum Education sales

Tue, 04 Aug 2015

By Jonathan Underhill Aug. 5 (BusinessDesk) - Intueri Education Group, New Zealand's largest private training college, cut its full-year earnings guidance for a second time, citing weaker sales at its Quantum Education Group division and higher-than-expected costs. Underlying earnings before interest, tax and amortisation is expected to be $27 million to $29 million in calendar 2015, Auckland-based Intueri said in a statement. It had previously said earnings would be at the lower end of a range of $30 million to $33 million. The reduced g...

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