Intueri turned down for A$6M uplift in VHF funding in Australia, slashes guidance

Tue, 20 Dec 2016

By Jonathan Underhill Dec. 21 (BusinessDesk) - Intueri Education Group says the Australian Department of Education and Training has declined its application for an A$6 million uplift in VHF funding for its Conwal unit and it has slashed its 2016 earnings guidance by that amount as a result. In October the company gave guidance for underlying earnings before interest, tax, depreciation and amortisation of about $9.5 million, which included the A$6 million uplift in Australian government funding. "The guidance will need to be reduced by...

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