24 November 2017, Melbourne:
Having covered the introductions already I will move immediately to my Chairman’s address.
I was pleased to report an improved result for the 2017 financial year with each of revenue, profit and cash flow improved on the prior year. The improved performance was the result of the Group’s announced strategy to diversify revenue streams in our core transport systems market. This is being achieved through investment in the development of state-of-the-art LED road lights, Intelligent Transport Systems (ITS) and traffic signal products and services combined with a continued focus on profit improvement opportunities.
The Company’s results have benefitted from sales growth across its expanded range of products and services, from the securing of long term contracts and from a strong order book. The Company has also seen growth in a range of export markets, including UK, Asia, Middle East and New Zealand.
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