ERoad turns to small profit, beating annual guidance as North American sales soar

Thu, 17 May 2018

By Paul McBeth May 18 (BusinessDesk) - ERoad returned to profit after beating annual earnings guidance as North American sales more than doubled once the logistics and fleet management firm overcame strong lobbying to delay a favourable regulatory system for its services. The Auckland-based company reported a profit of $210,000, or 0.34 cents per share, in the 12 months ended March 31, turning around a loss of $5.5 million, or 8.81 cents, a year earlier, it said in a statement. Earnings before interest, tax, depreciation and amortisation...

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