ERoad first-half loss widens on US investment, taps First NZ Capital to review North American business

Mon, 27 Nov 2017

By Paul McBeth Nov. 28 (BusinessDesk) - ERoad widened its first-half loss as the logistics and fleet management firm ramped up spending to drive its US business, which it wants First NZ Capital to put under the microscope to see how it can drive faster growth. The Auckland-based company reported a net loss of $3.6 million, or 6.03 cents per share, in the six months ended Sept. 30, compared to a loss of $241,000, or 0.4 cents, a year earlier, it said in a statement. That was largely due to a 57 percent jump in operating costs to $16.9 mil...

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