Intueri posts $48.5M annual loss after writing down value of schools

Tue, 23 Feb 2016

By Tina Morrison Feb. 24 (BusinessDesk) - Intueri Education Group, which is under investigation by the Serious Fraud Office, wrote down the value of its schools, resulting in a $48.5 million annual loss. New Zealand's largest private training college said the loss for the year ended Dec. 31 compares with forecast profit of $13.8 million in its prospectus ahead of its listing on the New Zealand stock exchange in May 2014. It also missed its prospectus forecast in its 2014 financial year, when it posted a profit of $4 million compared with...

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