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RDF - Redflex Holdings News Story

A$0.945 0.0  0.0%

Last Trade - 07/05/21

Sector
Technology
Size
Small Cap
Market Cap £80.5m
Enterprise Value £84.7m
Revenue £58.2m
Position in Universe 741st / 1907

BRIEF-Redflex Holdings Withdraws All Financial Guidance Relating To H2 2020

Mon 30th March, 2020 9:30am
March 30 (Reuters) - Redflex Holdings Ltd  RDF.AX :
    * WITHDRAWING ALL FINANCIAL GUIDANCE RELATING TO H2 FY 2020
    * ANTICIPATE REVENUES FROM VOLUME-BASED CONTRACTS WILL BE
IMPACTED
BROADLY IN LINE WITH REDUCTION IN TRAFFIC VOLUMES
    * COVID-19 IS CAUSING REDUCTIONS OR DELAYS TO ROLLOUT OF NEW
PROGRAMS IN NORTH AMERICA WHICH MAY ADVERSELY IMPACT CO'S
REVENUE
    * CONTINUES DESIGN WORK TO COMMENCE OPERATIONS FOR RAIL
CROSSING
AND DEDICATED BUS LANE ENFORCEMENT IN LOS ANGELES
    * IMPLEMENTED COST SAVING INITIATIVES INCLUDING REDUCTION IN
SALARIES, REDUCED HOURS FOR MOST STAFF

Source text for Eikon:  urn:newsml:reuters.com:*:nASX6y7CwS
Further company coverage:  RDF.AX 

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