Veritas to book Nosh losses in annual accounts after returning to black in first-half

Mon, 27 Feb 2017

By Paul McBeth Feb. 28 (BusinessDesk) - Veritas Investments will book after-tax losses of between $2.2 million and $2.6 million on the sale of its upmarket Nosh supermarkets in its annual accounts, which it anticipates will bolster underlying earnings for the year, having returned to the black in the first half. The shares gained. The Auckland-based food and beverage investor completed the sale of its Nosh franchise to Gosh Holding on Feb. 24, with the net proceeds going towards repaying bank debt, which was sitting at $30.5 million as a...

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