New Zealand's EROAD falls as company swings to full-year loss
25/05/2026 01:25
** Shares of New Zealand's EROAD ERD.NZ fall as much as 6% to NZ$0.940, set for their worst trading session since February 13, if losses hold
** Stock hits its lowest level since May 18
** The technology services firm reports net loss after tax of NZ$161.1 million ($94.57 million) for 2026, versus a profit of NZ$1.4 million posted last year
** "We expect the next six months to be challenging," ERD says
** Stock down nearly 25% this year, including the day's move
($1 = 1.7036 New Zealand dollars)
(Reporting by Rajasik Mukherjee in Bengaluru)
((Rajasik.Mukherjee@thomsonreuters.com))