Future Mobility Solutions lifts annual profit 24%

Thu, 25 May 2017

By Rebecca Howard May 26 (BusinessDesk) - Future Mobility Solutions posted a 24 percent gain in annual profit and said plans to seek a listing on an overseas market are now well advanced. The Auckland-based company lifted net profit to $627,823 in the year ended March 31, from $507,576 a year earlier, it said in a statement. Its earnings before interest, tax, depreciation and amortisation rose 42 percent to $1.3 million. While revenue slipped 5 percent to $17.7 million, the cost of sales less related depreciation expense was also lower....

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