ERoad turns to first-half profit from year-earlier loss, reiterates full-year forecast

Tue, 24 Nov 2015

By Sophie Boot Nov. 25 (BusinessDesk) - ERoad, the logistics and fleet management software and hardware developer, turned to a first-half profit from a loss a year earlier as gains in Australia and New Zealand made up for slower growth in North America. The profit was $611,000, or 1.02 cents a share, in the six months ended Sept. 30, from a loss of $1.9 million, or 3.84 cents, a year earlier, the Auckland-based company said in a statement. Revenue rose 55 percent to $12.2 million. ERoad affirmed its annual guidance for profit of $500,0...

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