Wellington Drive posts half-year operating profit on soaring US sales

Mon, 29 Aug 2016

By Edwin Mitson Aug. 29 (BusinessDesk) - Wellington Drive Technologies, the maker of energy efficient motors for commercial refrigerators, has seen revenues rise by 38% in the six months to the end of June on a year earlier, driven by demand in the United States and Canada ahead of the adoption of new regulatory standards next year. Sales in the North American region rose by 119 percent, with strong demand for the Auckland-based company's new ECR2 motor. US dollar revenue grew 26% in the first quarter of the year and by 24% in the second...

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