Gentrack trims annual earnings guidance on project delays, bad UK debt

Wed, 24 Jul 2019

By Paul McBeth July 25 (BusinessDesk) - Gentrack expects annual earnings will fall by as much as 13 percent due to delays in customer projects and bad debt risks in the UK. The utilities software developer said annual earnings before interest, tax, depreciation and amortisation will probably be $27-$28 million in the 12 months ending Sept. 30, down from $31 million in the prior year. Gentrack had previously predicted annual earnings would be "marginally ahead" of the 2018 result. "The delays relate primarily to customer resourcing an...

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