Wellington Drive first-quarter sales climb 30%, earnings on track

Fri, 21 Apr 2017

By Paul McBeth April 21 (BusinessDesk) - Wellington Drive Technologies, which makes energy efficient motors and control systems for commercial refrigerators, lifted first-quarter sales 30 percent as the company's focus on Latin America continues to underpin its long march to profitability. The Auckland-based company generated earnings before interest, tax, depreciation and amortisation of $600,000 on revenue of almost $13 million in the three months ended March 30, and expects strong sales growth to continue, chairman Tony Nowell told sh...

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