Saferoads Holdings Limited ( (AU:SRH) ) has provided an announcement.
Saferoads Holdings Limited reported a significant reduction in losses for the half-year ending December 2024, with a loss of $19,434 compared to $533,602 in the previous period. This improvement is attributed to substantial cost reductions amidst a challenging trading environment. The company generated $1,039,064 in cash from operations, aiding in debt reduction. Despite a competitive market impacting sales and rentals, the company successfully finalized a T-lok connection system for permanent barrier applications, approved for use on new highways in Victoria. Strategically, Saferoads is negotiating the sale of its road safety rentals business assets, with extended banking facilities until May 2025 to facilitate this potential transaction.
More about Saferoads Holdings Limited
Saferoads Holdings Limited operates in the road safety industry, focusing on providing products and services related to road safety solutions. The company is involved in both product sales and rental services, with a market focus on enhancing road safety infrastructure.
YTD Price Performance: 12.50%
Average Trading Volume: 2,600
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$1.97M
For an in-depth examination of SRH stock, go to TipRanks’ Stock Analysis page.