UPDATE: Evolve shares fall 20% after profit warning

Sun, 18 Feb 2018

(Updates to add share price in lead, broker comment in paragraph three) Feb. 19 (BusinessDesk) - Evolve Education shares fell 20 percent to 60 cents after the early childhood education group gave its second full-year profit warning and said it is likely to write down goodwill on acquisitions and cut its dividend. Net profit before one-time items is expected to be $11 million to $12 million in the 12 months ending March 31, down from previous guidance of $14 million to $15 million, the Auckland-based company said in a statement. Profit on...

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