Intueri puts dive school up for sale, cuts 2016 earnings guidance

Thu, 27 Oct 2016

By Jonathan Underhill Oct. 28 (BusinessDesk) - Intueri Education Group lowered its 2016 earnings guidance, saying deeper cost cuts and the decision to sell its dive school aren't enough to offset weaker enrollments and one-time restructuring costs. Underlying earnings before interest, tax, depreciation and amortisation are forecast to be $9.5 million in calendar 2016, down from the $15 million ebitda it forecast with its first-half results in August, the Auckland-based education provider said in a statement. It earned $21.5 million on tha...

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