Wellington Drive remains in the black as it raises operating forecast

Wellington Drive remains in the black as it raises operating forecast
Jenny Ruth
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...

More Infrastructure

Counting cones cost: transport minister warns of 'infestation'
Infrastructure

Counting cones cost: transport minister warns of 'infestation'

Simeon Brown says NZTA will start counting traffic management costs from September.

BP exits Channel Infrastructure in $46m deal
Infrastructure

BP exits Channel Infrastructure in $46m deal

BP follows Mobil and exits former Marsden Point oil refinery business.

Oliver Lewis 19 Jun 2024
Email from CCHL boss reveals dividend frontloading trade-offs
Infrastructure

Email from CCHL boss reveals dividend frontloading trade-offs

Paul Silk sent his email shortly before the director exodus.

Oliver Lewis 18 Jun 2024