Eroad reports strong 3Q sales growth, eyes ASX listing

Fri, 18 Oct 2019

Eroad reported strong third-quarter sales growth but didn't pick up as many small to medium business customers as expected. It is also looking at a possible secondary listing on the ASX. The Auckland-based firm installs electronic distance recorders and tracking devices in road transport fleets across Australia, the US and New Zealand.Total contracted units rose 28 percent to 109,380 in the three months to Sep 30, it said. Of that, the number of vehicle logging units in New Zealand lifted 15 percent to 75,674 and were up 62 percent in Nort...

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