Intueri says it's 'in a sound financial position' after shares plunge to record low

Sun, 29 Nov 2015

By Tina Morrison Nov. 30 (BusinessDesk) - Intueri Education Group, New Zealand's largest private training institution, says it's in a sound financial position after its shares plunged to a record low on Friday amid concerns about the sector. The company's stock plunged last week from $1.30 to 35 cents, hitting a record low of 33 cents on Friday. On Monday last week, Intueri disclosed that the Tertiary Education Commission was reviewing funding at two of its schools, which could reduce 2015 earnings by between $4 million and $5 million. Co...

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