Briefs: Wide Bay's shares plunge, Euronet's mobile sales decline, Heartland shuffles its board
Shares in Wide Bay Australia fell 70 cents, or 12 per cent, to $5 yesterday, as investors took advantage of the resumption in trading to respond to news on Tuesday of a bleak profit outlook for the building society. Wide Bay said it now expects a net profit for the year to June 2013 of $2.3 million to $2.5 million, down from $19 million in 2012. Euronet Worldwide, the global e-pay service provider, said it experienced a ninth quarter of declining pre-paid mobile sales in Australia in the March 2013 quarter. Sales were higher in New Zealand, however, thanks to the purchase of Ezi-Pay. Heartland New Zealand, the parent of New Zealand's newest bank, has added an independent director to its lending subsidiary, Heartland Bank, and has flagged further changes to meet central bank guidelines. Banker Nicola Greer is the new director. The group will make changes to achieve greater separation between the boards of the bank and its parent.