ERoad says annual loss widened in 2017 as it increased investment in the US

Mon, 24 Apr 2017

By Paul McBeth April 24 (BusinessDesk) - ERoad says its annual loss widened in the 2017 financial year as a boost to investment in the US and changes to the way it amortises development costs weighed on the bottom line, even as sales continued to grow. The Auckland-based company said it will report a net loss of between $5.5 million and $6.5 million in the year ended March 31, up from a loss of $1.3 million a year earlier. Of that, $1.5 million was due to ERoad changing the way it amortises development costs to a straight line monthly ch...

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