Veritas sees annual profit rising as much as 28% in 2016, after from 2015 downgrades

Tue, 23 Jun 2015

By Fiona Rotherham June 24 (BusinessDesk) - Veritas Investments, the listed food and beverage investor, anticipates annual profit will rise as much as 28 percent in the 2016 financial year, getting to where it thought it would be in the current year before it cut guidance. The Auckland-based company, whose stable of investments include the Mad Butcher franchise, expects net profit between $5.3 million and $5.5 million in the year ending June 30, 2016, up from the $4.3 million anticipated in 2015, it said in a statement. Veritas downgraded...

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