Intueri suspends dividends pending TEC review; 2015 earnings meet reduced guidance

Wed, 10 Feb 2016

By Paul McBeth Feb. 11 (BusinessDesk) - Intueri Education Group, the private training college under investigation by the Serious Fraud Office, has suspended dividends pending the review by the Tertiary Education Commission funding agency, and says 2015 earnings met its downgraded guidance. The Auckland-based company won't pay any more dividends until the TEC completes its review of funding for Intueri's Quantum Education Group and Dive School units to meet the Crown entity's funding conditions, it said in a statement. Underlying earni...

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