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SAFEROADS HOLDINGS LIMITED — Capital/Financing Update 2010
Aug 1, 2010
65853_rns_2010-08-01_fad36965-e1c8-4737-9f6a-bfc875ef0503.pdf
Capital/Financing Update
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Market update
2 August 2010
The Board of Directors of Saferoads Holdings Limited (SRH) advises that although the auditors have not yet signed off on the financial accounts for 2009-10, preliminary results indicate that revenue for the year will be approximately $49m and Net Profit After Tax (NPAT) will be approximately $2.03m. This compares with a projected full year revenue of approximately $52m and NPAT of approximately $2.8m as advised to the market in April 2010, and compares with revenue of $57m and NPAT of $1.4m for the corresponding 2008-09 full year period.
The shortfall in NPAT compared with April’s forecast was brought about by unusually low sales in the last quarter of 2009-10, a write down on slow moving and obsolete stock and a customer dispute settlement.
The Company expects to be in a position to release the full year audited results in the last week of August 2010.
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Darren Hotchin Managing Director Phone 03 5625 6600
SAFEROADS HOLDINGS LIMITED ABN 81 116 668 538
PO Box 340, Drouin, Vic, Australia 3818 Phone: 1800 060 672 Fax: 1800 060 673 Web: www.saferoads.com.au