Ann: Third Quarter Market Update, page-2

An excellent update. I think the two main points of note are:

• the expansion of the equipment rental business into NSW is going well, with a reasonably chunky new order
• Saferoads appears on track to deliver another full year profit after tax.

I couldn't be more impressed with how the board and management have negotiated the difficult last two years.

For reasons stated in today's update (reasons outside the company's control), annual revenue dropped by around 25% between 2019 and 2021. But the company responded with tight control of costs, with the result that they've produced after-tax profits in each of the last two years.

And now, with the operating environment showing signs of bouncing back, they're on track to deliver a third successive profit. Well done to all concerned.