Gentrack shares slump as profit rises but mid-term target queried
Utilities software provider's shares were down as much as 11% on today's half-year earnings disclosure, before recovering.
Gentrack CEO Gary Miles.
Gentrack Group’s share price dipped more than 11% this morning, despite the NZX and ASX-listed company disclosing strong half-year results, showing net profit up 34.7% compared to the first half of 2024.
The software provider to utilities and airport businesses has seen its NZX share price rocket
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