This is one HUGE EARNINGS DOWNGRADE ......along with a likely 20% cut in expected dividend
http://nzx-prod-s7fsd7f98s.s3-websit...952/313959.pdf
Bit if a sad story ......but once again hope of a better ‘rest of year’ has not turned into reality
But reading between the lines i’d say there is a lot of hope that post December things are going to get much better ...so they can meet this latest guidance
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