Warehouse expects first-half earnings to fall by up to 28%

Wed, 10 Jan 2018

By Rebecca Howard Jan. 11 (BusinessDesk) - Warehouse Group expects first-half adjusted earnings from continuing operations to fall 22-to-28 percent as it keeps investing to transform the business. The Auckland-based company said first-half adjusted net profit from continuing operations will probably be $32 million-to-$35 million, which "includes a significant accrual for a redesigned incentive programme, intended to reward better than expected financial performance along with reinforcing specific behaviours necessary to execute the trans...

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