Intueri misses annual earnings forecast on New Zealand performance

Wed, 25 Feb 2015

By Tina Morrison Feb. 26 (BusinessDesk) - Intueri Education Group, New Zealand's largest private training college, missed its annual earnings forecast as its New Zealand businesses lagged behind expectations. The Auckland-based company, which listed on the New Zealand stock exchange in May, posted net profit of $4 million in calendar 2014, 49 percent lower than its $7.9 million prospectus forecast. In the latest period, the company wrote down the value of its Design & Arts College by $1.3 million to reflect a slower-than-expected recovery...

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