Eroad turns to 1H loss despite revenue rise

Tue, 29 Nov 2016

By Sophie Boot Nov. 29 (BusinessDesk) - ERoad, the logistics and fleet management company, turned to a first-half loss even as revenue rose. While it expects strong growth in New Zealand, growth in the US will be modest, the Auckland-based company said. It posted a net loss of $408,452 in the six months ended Sept. 30, from a $611,000 profit a year earlier. Revenue rose 27 percent to $15.5 million, while earnings before interest, tax, depreciation and amortisation grew 72 percent to $4.7 million. Depreciation cost Eroad $3.6 million in...

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