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An announcement from Saferoads Holdings Limited ( (AU:SRH) ) is now available.
Saferoads Holdings Limited reported an unaudited profit of approximately $103k for the quarter ending March 31, 2025, with a year-to-date profit of $84k. The company’s revenue remained stable at $2.84 million, attributed to cost reduction strategies, particularly in staff costs. During the quarter, Saferoads finalized an Asset Sale Agreement and a Product Supply Agreement with Onsite Rentals Group, aiming to focus on expanding its product sales business. The sale will enable the company to repay all bank debts and asset finance contracts, with the settlement expected soon.
More about Saferoads Holdings Limited
Saferoads Holdings Limited operates in the road safety industry, focusing on the provision of products and services that enhance road safety. The company is primarily involved in the sale of road safety products and has recently shifted its focus from rental income to expanding its product sales business.
YTD Price Performance: 350.0%
Average Trading Volume: 44,120
Technical Sentiment Signal: Sell
Current Market Cap: A$7.87M
Find detailed analytics on SRH stock on TipRanks’ Stock Analysis page.