Not out of the wood yet

Todays' announcement with profit down grade shows VET management isn't sure enough to provide guidance on future profits.

This underlines the fact that VET is not out of the wood yet given the fact many issues are still hanging around with unknown future liabilities such as -1,100 recall of qualifications and on-going court actions.

Market update did not provide cash on hand and money set aside for future liabilities.

Further details-www.fool.com.au