NZ Wool Services says FY earnings to miss guidance after ‘marginal’ second half

Thu, 16 Aug 2012

By Jonathan Underhill Aug. 16 (BusinessDesk) - New Zealand Wool Services International, the wool scouring and exporting business whose majority shareholding is up for grabs, said full-year earnings will miss guidance because of a “sharp decline” in the wool market. “The full-year result, which will be released within the next three weeks, will be profitable and ahead of the six months tax paid profit of $1.8 million, as the second-half year was marginally profitable,” the company said. That signals a big drop in earnings from last year’s $6.6...

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