ERoad posts annual loss as sales miss prospectus forecast, shares fall

Wed, 27 May 2015

By Suze Metherell May 28 (BusinessDesk) - ERoad, the electronic road user charges and transport services company, posted a full-year loss in its maiden annual report as a public company, while sales missed its prospectus forecast. The shares fell. The Auckland-based company reported a loss of $1.3 million in the year ended March 31, from a profit of $2.9 million a year earlier, and wider than the loss of $1 million forecast in its July prospectus. Sales increased 76 percent to $17.6 million, below the $19 million it predicted in its prosp...

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