Profit guidance boosted at Tower
Insurance company’s underlying profit expected to be between $7m and $10m, including large events.
Cyclone Gabrielle damage in February.
Insurance company Tower has shifted its profit guidance because conditions are not as bad as previously thought.
The company has revised its underlying net profit guidance to between $7 million and $10m, including large events.
That’s up from a previous range of between a loss of $2m and a profit
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