Wellington Drive remains in the black as it raises operating forecast

Tue, 22 Oct 2019

Wellington Drive Technologies has posted a $580,000 net profit for the nine months ended September. However, that's down from the first-half net profit of $770,000 and the company says the full-year bottom line will be about break even. Despite the bottom-line decline the company has revised upwards its full-year operating profit. The company says it expects further improvements in earnings before interest, tax, depreciation and amortisation to $3-3.5 million for calendar 2019, up from previous guidance of $3 million and compared to $2.5...

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