Eroad slumps to loss as Coretex integration begins
Telematics company embarks on growth phase but still searching for new CEO.
Eroad chair Graham Stuart.
Eroad’s revenues may have been bolstered by four months’-worth of Coretex ownership, but its operating expenditure has climbed too, resulting in lower earnings and $9.6m overall loss, down from a $2.5m profit the year before.
Reported earnings before interest, tax, depreciation, amortisation
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