VET vocation limited
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News: Vocation flags H1 loss & CEO departure

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    28/01/15
    11:41
    Post #: 14651370
    .

    Vocation Limited (ASX:VET) has asked for its shares to remain suspended while flagging an interim loss and the departure of its chief. 
     
    The education and training company expects to report a net loss of about $27 million in the first half of the 2015 financial year. 
     
    Vocation has also advised its CEO and Managing Director Mark Hutchinson will resign once a replacement has been found. 
     
    The company is currently conducting a strategic review and says it will consider all options including mergers, divestments and recapitalisation. 
     
    Vocation reported a net profit of $8.27 million in the 2014 financial year. 
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