New Zealand's Gentrack slips on HY earnings miss

Gentrack

19/05/2025 01:16

** Gentrack Group GTK.NZ slips as much as 9.5% to NZ$10.87; marks biggest intraday pct loss since mid June, 2020

** Utilities provider's HY Net Profit After Tax (NPAT) misses analysts' estimate, according to Jefferies

** Co posts statutory HY NPAT of NZ$7.2 mln ($4.2 mln), below consensus figure of NZ$7.7 mln provided by Jefferies

** Stock rated "buy" on avg; median PT is NZ$13.35, per LSEG-compiled data

** YTD, GTK loses 12.7%

($1 = NZ$1.6992)

 (Reporting by Nichiket  Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com;))