Business
Why the Gentrack (ASX:GTK) share price will be on watch today
Gentrack Group Ltd (ASX: GTK) shares will be on watch this morning following an update regarding the company’s FY21 outlook. At market close yesterday, the Gentrack share price finished the day 1.7% lower at $1.375.
Let’s take a look and see what the software company announced.
How are things looking for Gentrack in FY21?
The Gentrack share price could be on the move today after the company reported a positive near-term future ahead.
During its annual general meeting (AGM) in November last year, the company advised that its performance for FY21 would likely be down. It said that earnings before interest, tax, depreciation and amortisation (EBITDA) for FY21 would fall well below H2 FY20, and profit could be break-even.
However,…
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