Eroad warns of slower sales growth, NZ back on track

Brent Melville
Thu, 30 Jul 2020

Eroad added 2,326 data terminals in the June quarter, largely on the strength of resurgent New Zealand business, but expects lower annual sales growth than previously signalled. In a quarterly update ahead of today's annual meeting, the transport tech services and vehicle telematics company said it "remains confident in continued unit growth across all three markets, albeit it is likely to be lower than delivered in financial year 2020 and previously anticipated for financial year 2021." The three markets are NZ, where Eroad said 1,938 un...
Primary Sector
China trade fears unmatched by good alternatives: report
Pattrick Smellie | Wed, 05 Aug 2020

Fears that New Zealand is overly reliant on trading with China ignore that there are few more attractive markets for many of the country's major exports, says a report by economic consultancy Sens...

Listed Companies
SFO-directed raid complicates Spark claim
Victoria Young | Wed, 05 Aug 2020

An accused co-conspirator has complained a Serious Fraud Office-ordered raid on his home has meant he can't comply with disclosure orders in a case brought by Spark New Zealand.  The telco claims t...

Primary Sector
Farmers to get $122m in fertiliser cheques
Brent Melville | Wed, 05 Aug 2020

Fertiliser heavyweights Ballance Agri-Nutrients and Ravensdown have fought their way through the covid-19 response, kicking back rebates of $54 million and $68 million respectively to farmer-sharehold...

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Don’t fear the robots. How software can help your business succeed

New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.