tiprankstipranks
Trending News
More News >

Saferoads Holdings Limited Reports Profit and Strategic Shift

Story Highlights
Saferoads Holdings Limited Reports Profit and Strategic Shift

Don’t Miss TipRanks’ Half-Year Sale

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1