Eroad narrows 1H loss

Sun, 25 Nov 2018

By Paul McBeth Nov. 26 (BusinessDesk) - Eroad narrowed its first-half loss as a focus on more valuable sales in the US and new business in New Zealand offset increased spending in the period. The logistics and fleet management firm reported a net loss of $3.4 million in the six months ended Sept. 30 from a loss of $3.9 million a year earlier. Earnings before interest, tax, depreciation and amortisation were positive, jumping 81 percent to $6.2 million and at a wider ebitda-margin of 22 percent than the 17 percent posted a year earlier. ...

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