IRD pleased with 2014 performance to date

International Road Dynamics’ results for the three and six one of the world's leading providers of systems and solutions for the three and six months ended 31 May show total revenue up 15 per cent year to date, which the company says is due to a strong growth in key geographic markets. Revenue in Canada and the US revenue rose 23 per cent year to date on solid performance in projects and product sales, while Latin America revenue increased 22 per cent year to date on significant project deliveries. Sout
July 11, 2014 Read time: 2 mins
69 International Road Dynamics’ results for the three and six one of the world's leading providers of systems and solutions for the three and six months ended 31 May show total revenue up 15 per cent year to date, which the company says is due to a strong growth in key geographic markets.

Revenue in Canada and the US revenue rose 23 per cent year to date on solid performance in projects and product sales, while Latin America revenue increased 22 per cent year to date on significant project deliveries.  South Asia revenue was lower, reflecting limited business activities in the region.

IRD’s net earnings were up 70 per cent year to date, providing a stable financial position with positive working capital of US$7.7 million.

“Overall we are pleased with our performance through the First six months of fiscal 2014 as we continue to generate solid growth in our key Canada and United States and Latin America regions," commented Terry Bergan, president and CEO. "We are also pleased to see another quarter of positive contribution from our equity investment in China.”
Charging, Tolling & RUC Detection, Monitoring & Machine Vision Classification & Data Collection

For more information on companies in this article

Related Content

  • Travel restrictions cause ITS professionals' knowledge gap
    February 2, 2012
    Andrew Barriball once again campaigns for senior USDOT officials to see sense and lift some of the restrictions on out-of-state travel for transportation professionals. The ability to attend conferences and exhibitions is not a luxury, he says; it is a valid and cost-effective way of advancing the state of the traffic management art
    Read More
  • Rapid growth of bus rapid transit schemes on US Pacific coast
    January 27, 2012
    This section pulls together all the multi-modal topics in each issue. Subject matter will include smartcards; ticketing and payment systems; passenger information systems; fleet management for buses, trains and light rail; park and ride systems; on-line access to real-time information via Internet portals
    Read More
  • By 2018, ASEAN will be 6th largest automotive market in the world
    August 24, 2012
    The ASEAN region is set to become the 6th biggest automotive market globally by 2018 with vehicle sales almost doubling to nearly 4.7 million units as compared to 2.4 million in 2011, according to new analysis from Frost & Sullivan. Entitled CEO 360 Degree Perspective of the Automotive Industry in ASEAN, (covering four key automotive markets in ASEAN - Indonesia, Malaysia, Thailand and Vietnam) the study finds that the market is likely to grow at a compound annual growth rate (CAGR) of 10.1 per cent (2011-2
    Read More
  • ANPR - cost-efficient traffic management, enforcement and more
    January 23, 2012
    Geoff Collins of Vysionics Intelligent Traffic Solutions talks about the near-term prospects of ANPR. The continued absence of a champion for its cause is preventing digital enforcement technology from delivering the true levels of cost-effectiveness of which it is capable, according to Geoff Collins, sales and marketing director of ANPR specialist Vysionics Intelligent Traffic Solutions.
    Read More

Highlighted Content