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