Eroad posts $1.3 million annual loss, foresees 2017 growth

Wed, 25 May 2016

By Sophie Boot May 26 (BusinessDesk) - Eroad, the logistics and fleet management company, posted an annual loss within its earlier guidance which it said was the result of more investment and US customer uncertainty. The Auckland-based company said its net loss was $1.3 million in the year ended March 31, compared to a prospectus forecast of a $5.5 million profit, but within its guidance issued last Monday of a loss between $1.3 million and $1.6 million. Earnings before interest, tax, amortisation and depreciation and costs of listing gai...

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