Saferoads Holdings Reports Profit and Restructuring Success

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

Saferoads Holdings Limited reports a modest net profit of $15k for the third quarter, overcoming a first half-year loss and achieving a 37% increase in rental income despite a slight dip in trading revenue. The company’s financial recovery is credited to a strategic business restructure aimed at improving customer service, resulting in anticipated annual savings of $600K. While no formal offers have been received for the trade sale of non-workzone products, the company remains committed to its product sales strategy and has secured a banking facility variation to maintain its current financial standing.

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