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ADVANCED BRAKING TECHNOLOGY LTD — Capital/Financing Update 2017
Jun 5, 2017
64282_rns_2017-06-05_3546a38b-fce6-417d-a15d-edee207a8d8b.pdf
Capital/Financing Update
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ASX RELEASE
06 June 2017
ABT Achieves Record Monthly Revenue
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$1.07m revenue in May
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Trading revenue up 45 % on prior comparative period
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Highest monthly trading revenue result in company’s history
Advanced Braking Technology (ASX: ABV) (‘ABT’ or ‘the Company’) is pleased to advise it has recorded an unaudited revenue result of $1.07m in May. The monthly trading revenue of $1m was comfortably the best result in ABT’s history.
ABT’s Managing Director, Graeme Sumner, said May’s revenue result was a continuation of what will be a record second half for ABT.
“Full year revenue is up 45% compared to the same 11 months last year and we are still seeing strong demand for our products,” Mr Sumner said.
“The development of new international channels over the last two years has helped significantly, with exports contributing 36% of revenues for the year and 41% of revenues in the second half. The company maintains a positive outlook for the future growth of the business.”
ENDS
For further information, please contact:
Mr Graeme Sumner Chief Executive Officer Advanced Braking Technology Ltd Telephone: +61 (0) 447 275 998
About Advanced Braking Technology Ltd
Advanced Braking Technology Ltd (ASX: ABV) develops innovative braking systems, with its main product being the Sealed Integrated Braking System (SIBS®), a comprehensively patented Australian invention, now used widely in light commercial vehicles, primarily in the mining industry.
Page 1 of 1 Advanced Braking Technology Ltd (ACN 099 107 623, ABN 66 099 107 623) Email: [email protected]