Veritas shares drop 13% after company confirms lower 2017 guidance on 1Q trading

Tue, 01 Nov 2016

By Sophie Boot Nov. 1 (BusinessDesk) - Veritas Investments says it's on track to achieve its 2017 guidance after its first quarter of trading, with revenue expected to be lower than in 2016. The company remains on track for revenue forecast between $50 million and $55 million for the year ended June 2017, compared with $56.5 million a year earlier, and underlying net profit after tax in the range of $3.0 million to $3.6 million, it said in a statement. Its underlying net profit from continuing operations was $3.16 million in 2016. When...

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