Saferoads Holdings Limited (AU:SRH) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Saferoads Holdings Limited reported a 27% decrease in trading revenue to $2.48 million for the fourth quarter, with product revenue down by 49% but rental income increasing by 11%. The company has secured an exclusive distribution agreement for the HV2 barrier in North America, expecting significant orders in the 2025 financial year. Despite a breach in its lending ratio covenant, Saferoads retains bank support and has committed to a monthly payment plan for a $650,000 fine without interest.
For further insights into AU:SRH stock, check out TipRanks’ Stock Analysis page.