Imarda NZ 2013 accounts, released ahead of Telematics merger, tagged by auditor over inventories

Fri, 26 Jun 2015

By Fiona Rotherham June 26 (BusinessDesk) - Imarda NZ's 2013 accounts, released ahead of a proposed merger between its Australian parent and New Zealand's International Telematics Holdings, show a wider loss and were tagged by the auditor, who couldn't sign off on the value of inventories. Imarda Pty, the GPS fleet management solutions company which is 34 percent owned by chief executive and founder Selwyn Pellett, plans to merge with International Telematics (ITH) to form a new entity, Coretex, which will target expansion in the US telem...

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