‘Every dog has its day’ says shareholder as Wellington Drive eyes profit
Progress put down to better management, new products.
Tim Hunter Wed, 01 Feb 2017
The longest start-up phase in history could be over for NZX-listed Wellington Drive Technologies, which is poised to report its first ever operating profit, 20 years after launch.
The Auckland-based electric motor maker has burned through $110 million of shareholders’ funds over the last two
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).