Wellington Drive creeps closer to the black as sales climb 27%

Fri, 25 Aug 2017

(Fixes earnings per share in 2nd paragraph) By Paul McBeth Aug. 25 (BusinessDesk) - Wellington Drive Technologies edged closer to a long-awaited profitability as first half sales climbed and margins improved, although the board sounded a warning over cash constraints coming when there could be opportunities to grow. The Auckland-based company narrowed its loss to $522,000, or 0.2 cents per share, in the six months ended June 30 from $1.2 million, or 0.48 cents, a year earlier. Earnings before interest, tax, depreciation and amortisati...

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