Troubled education provider Vocation Limited has warned its underlying full year earnings could be in negative territory this financial year.
Vocation (VET) expects its underlying earnings for the 2014/15 financial year to be in a range of between $3 million and minus $3 million, after being forced to sell off a string of businesses following problems with its Victorian operations.
Underlying revenue is expected to be $15 million.
The education provider recorded earnings of $36.1 million last financial year, with revenue of $128.4 million.
AAP
Might be a phoenix rising from the ashes.
VET Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
