Veritas says earnings fell within guidance

Thu, 28 Jul 2016

By Paul McBeth July 29 (BusinessDesk) - Veritas Investments says annual earnings declined as expected and it will provide more detail of how its three food and beverage businesses are tracking when it formally reports next month. Underlying net profit was between $3 million and $3.5 million in the year ended June 30, meeting its April forecast when the Auckland-based company said its three divisions were showing signs of improvement. Veritas posted a first-half loss of $4.8 million when it took impairment charges and other write-downs to...

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