Veritas forecasts revenue drop in 2017, gets lending extension from ANZ Bank

Thu, 22 Sep 2016

By Sophie Boot Sept. 23 (BusinessDesk) - Veritas Investments says revenue will drop in 2017 as Mad Butcher sales continue to fall, while its bank has extended its lending facilities beyond next year. Revenue would be in a range of $50 million to $55 million in the year ending June 30, 2017, compared with $56.5 million last year, the company said today. Of that 2017 revenue, its Nosh Food Market unit was expected to deliver between $22 million and $23 million, compared with $22.5 million in 2016. Sales at its Mad Butcher stores would fa...

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