Ann: New Ironman Hybrid Steel Safety Barrier Syst, page-19

Management sending a strong message with recent buying and with only 26 Million shares outstanding, a small profit could mean a good return on capital, IMO.


Most Recent Financial,
Key Points :

- Looking Ahead - Our order book at the start of the current financial year is strong

- we have secured another significant order for our licenced T-LOK concrete temporary safety barriers in Western Australia as well as gained regulatory approval of this product for use in NSW

- We have maintained an active focus on cost reduction, without compromising our service capabilities, achieving over $2.8 million (or 31%) savings over the year in personnel and non-personnel costs through rationalisation of our operations

- our gross profit margin for 2014 has continued to improve with a 13% increase to 37.4% compared to 33.1% in 2013

- Our balance sheet continues to improve and we have maintained adequate cash reserves to support the current working capital needs of the business as well as provide basic funding for our product innovation projects.

- Bank debt continues to be a key focus and it was reduced in 2014 by a further 11% from $5.6 million to $5.0 million at 30 June 2014

- we now envisage that we will be able to sustain profitable operations for the 2015 financial year and beyond.