Brief: Veritas Investments Posts FY Audited Net Profit Of NZ$4.5 Mln

Good Spirits Hospitality

29/08/2018 22:33

Aug 30 (Reuters) - Veritas Investments Ltd  VIL.NZ :
    * FY AUDITED NET PROFIT OF NZ$4.5 MILLION VERSUS NET LOSS OF
NZ$792,999 IN FY17
    * ANNOUNCES APPOINTMENT OF CURRENT CHIEF EXECUTIVE OF BBC,
GEOFF
TUTTLE, AS CHIEF EXECUTIVE OF VIL GROUP
    * FY REVENUE FROM ORDINARY ACTIVITIES NZ$23.8 MILLION, UP
0.7
PERCENT
    * VERITAS INVESTMENTS - BOARD CONSIDERING FUTURE POTENTIAL
OF 2
OUTLETS, WHICH MAY RESULT IN REDEVELOPMENT, REBRANDING AND
FORMAT, OR POSSIBLE SALE
    * VERITAS INVESTMENTS - AS PART OF BALANCE SHEET CLEAN UP,
BBC
WROTE-DOWN GOODWILL OF $613,087, IMPAIRED FIXED ASSETS OF
$613,088 AT TWO OF ITS OUTLETS
    * ALL FIGURES IN NZ$

Source text for Eikon:  ID:nNZWc4M0jD 
Further company coverage:  VIL.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))