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HP job cuts loom for Australian employees
A number of Australian employees of Hewlett-Packard are facing the loss of their jobs as the global computer giant looks to slash its worldwide workforce by up to 30,000.
read moreRedflex almost triples profit on revenue boost
Stan Beer
Thursday, 01 September 2005 10:11
Traffic camera systems provider, Redflex Holdings (ASX:RDF) joined in the 2005 tech party, nearly tripling its net profit on a substantial revenue increase.
Revenue the year ended 30 June 2005 increased 39.7% to $46.3 million, while net profit after tax increased 171% to $9 million. Most of the revenue and profit came from traffic camera installations in Australia and the US, while communications systems picked up contributing $8.4 million in revenue and $1.95 million in net profit. The communications result was underpinned by a massive $46 million contract with Lockheed Martin in the US.
RDF shares dropped 8c to close on $2.92 in a moderate day of trading.
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