Eroad earnings at top of guidance

Wed, 28 Oct 2020

Eroad expects first-half operating earnings will be near the top-end of the guidance it gave last month when it raised $53 million.The company sold more units in the September quarter than predicted last month. As a result, half-year earnings before interest, tax, depreciation and amortisation will be near the top end of the $12 million to $14.2 million guidance provided, it said. The same is expected of revenue, which was forecast at $43.5 million to $44.5 million.Eroad added 2,222 data terminals in its home market of New Zealand in the three...

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