ERoad reports wider FY17 net loss but slightly better than forecast

Mon, 29 May 2017

By Rebecca Howard May 30 (BusinessDesk) - ERoad reported a wider net loss in the 2017 financial year driven by US investment and changes to the way it amortises development costs, although the result was slightly ahead of its forecast. The Auckland-based company reported a net loss of $5.3 million in the year ended March 31, up from a loss of $1.3 million a year earlier. The result was better than the forecast for a net loss of between $5.5 million and $6.5 million it gave in April. The logistics and fleet management software company...

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