Veritas affirms annual earnings guidance, says Nosh turnaround expected next year

Wed, 18 Nov 2015

By Sophie Boot Nov. 19 (BusinessDesk) - Veritas Investments expects to turn around its struggling gourmet supermarket chain, Nosh Group, in the second quarter of 2016, and affirmed its annual profit guidance as it sells off poorly-performing assets from its BBC acquisition. The food and beverage investor is "comfortable it will remain on track to meet guidance as released on 24 June 2015," which indicated a 2016 profit of between $5.3 and $5.5 million, compared to a 2015 profit of $3.3 million, according to presentation slides accompanyi...

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