UPDATE: NZX shares fall from 21-month high as groundwork laid for earnings growth

Mon, 13 Feb 2017

By Paul McBeth Feb. 14 (BusinessDesk) - (Recasts, adds broker comment, and updates share price throughout) NZX shares fell from a 21-month high after the stock market operator unveiled a slump in annual profit while saying the groundwork was laid for future earnings growth. The shares fell 3.5 percent to $1.10 as at 12.15 pm ending a 15 percent rally since early December as investors digested the Wellington-based company's annual report showing a 62 percent slide in profit to $9.2 million, or 3.4 cents per share, in calendar 2016. ...

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