Investment Matters

Company news: Cardno

Cardno held its AGM this week.  The company provided an in-depth briefing as to the difficult year the company had in FY-16, and its priorities and actions for FY-17. 

The company also advised that its earnings before interest, tax, depreciation and amortisation (EBITDA) for FY-17, excluding one-offs such as redundancy costs and asset writedowns, is expected to be in line with the reported FY-16 EBITDA from continuing operations (Cardno has sold some of its businesses).