Brief: Wellington Drive Technologies says Q3 EBITDA loss of NZ$943,000

Aofrio

16/11/2017 19:32

Nov 17 (Reuters) - Wellington Drive Technologies Ltd 
 WDT.NZ : 
    * Expect to achieve lower product costs for our SCS connect 
and 
ECR2 motors than in previous quarters in Q4 2017  
    * Qtrly NZD revenue rose 23 percent to NZ$7.8 million  
    * EBITDA loss for Q3 of NZ$943,000 was worse than 
NZ$532,000 loss 
in Q3 2016 
    * Provisional forecasts for FY2018 indicate EBITDA in NZ$2 
mln to 
NZ$4 mln range 
    * 2017 EBITDA performance will likely be at lower end of 
guidance 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nNZS8yla 
Further company coverage:  WDT.NZ  
 
 (bangalore.newsroom@thomsonreuters.com)