Insurance
Quake shakes Tower’s profit forecast
Tuesday 4th of September 2012
It said market expectations of its net profit after tax for the year ending September 30 should be reduced by $9.4 million from $50.1 million (19%) to take into account increases in claims provisions relating to the February 2011 earthquake.
This equates to a one-off impact of 3.5c per share.
Tower said the impact of the Christchurch earthquakes continued to involve elements...
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