Veritas Investments Limited revised earnings guidance for the six months and full year 2016. For the six months, the Group as a whole experienced highly competitive market conditions during the first half of fiscal year 2016 with adverse weather conditions impacting on the second quarter results. EBITDA is likely to be in the
range of $3.0 million to $3.1 million and Underlying NPAT will be in the range of $0.9 million to $1.0 million.

The company previous market guidance was for the Group to achieve EBITDA of $10.5 million to $11 million and Underlying NPAT of $5.3 million to $5.5 million for fiscal year 2016. Given the trading results for the first six months of fiscal year 2016, the Board believes it is appropriate to update the guidance for the full year to EBITDA of $8 million to $9 million and Underlying NPAT of $3.0 million to $3.5 million.