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SAFEROADS HOLDINGS LIMITED — Capital/Financing Update 2011
Dec 19, 2011
65853_rns_2011-12-19_95e7a828-9941-4bfe-a053-1c93225107c8.pdf
Capital/Financing Update
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20 December 2011
Trading Update
Based on unaudited management accounts to 30 November 2011 and forecast performance for the remainder of the half year reporting period, the Directors of Saferoads Holdings Limited (ASX:SRH) report that there will be a decrease of approximately 18% in revenue compared to the same period last year which will adversely impact on the Company’s profit resulting in a loss position for the half year ending December 2011.
The Board is also reviewing the carrying value of the Company’s stock as part of the half year audit review process currently being undertaken.
The Directors remain positive for the medium term revenue outlook of the Company given the strength of its order book and expanded sales teams.
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Gary Bertuch Chairman of Directors
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