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

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