Saferoads Holdings Reports Significant Loss

Saferoads Holdings Limited (AU:SRH) has released an update.

Saferoads Holdings Limited reported a revenue decrease of 14% to $12.6 million and a net loss of $3.8 million for the year, significantly down from the previous year’s $197,407 loss, largely due to industry competition, funding cuts, and non-recurring expenses such as write-offs and impairment charges. The company has also indicated a material uncertainty in its going concern, with an audit in progress. No dividends were declared as the company navigates these challenging financial conditions.

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