NZX regulation clears Gentrack over profit warning

Mon, 10 Nov 2014

By Suze Metherell Nov. 11 (BusinessDesk) - Gentrack Group did not breach continuous disclosure rules when the utilities and airport software firm issued a profit warning some six weeks after debuting on the NZX, the stock market operator and regulator has found. NZX Regulation cleared the Auckland-based company over its Aug. 1 profit warning, which saw it cut annual profit expectations by as much as 32 percent from its prospectus forecast, citing a delay in signing an updated contract and a dispute with a customer. Gentrack held a series...

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