Solid growth and improved profitability for IRD in 2013

International Road Dynamics (IRD) has announced solid growth for the three months and year ended 30 November 2013, with revenue up 14.7 per cent in the fourth quarter and 5.0 per cent for the year. The company says increasing service revenue contributed to improved profitability and stability of cash flows, while its China XPCT investment contributed strong earnings in the fourth quarter and the year. Revenue in the fourth quarter of fiscal 2013 rose 14.7 per cent to US$12.6 million compared to US$11.0 m
February 28, 2014 Read time: 2 mins
69 International Road Dynamics (IRD) has announced solid growth for the three months and year ended 30 November 2013, with revenue up 14.7 per cent in the fourth quarter and 5.0 per cent for the year.

The company says increasing service revenue contributed to improved profitability and stability of cash flows, while its China XPCT investment contributed strong earnings in the fourth quarter and the year. Revenue in the fourth quarter of fiscal 2013 rose 14.7 per cent to US$12.6 million compared to US$11.0 million for the same period last year. For the year ended 30 November 30 revenue was US$43.6 million compared to US$41.6 million in 2012.
 
"After a slow start to the year, business in the majority of our geographic markets recovered strongly, resulting in three consecutive quarters of solid revenue growth in 2013, improved profit margins, and increased net earnings," commented Terry Bergan, president and CEO. "Our North and Latin American operations led our growth with 11.3% and 31.8% increases in revenue, respectively. We are also pleased to see a very solid and increased contribution from our 50 per cent equity interest in our Chinese operation XPCT for the year."

Bergan continued: "Looking ahead, we believe our growth and improved profitability will continue, driven by strengthening demand for our product offerings in the majority of our markets, and we look for another year of solid performance in 2014."
Detection, Monitoring & Machine Vision Classification & Data Collection Urban Traffic Control

For more information on companies in this article

Related Content

  • VW scandal prompts emissions testing debate
    December 1, 2015
    In the wake of the VW scandal John Kendall looks at emissions testing on both sides of the Atlantic. Since the VW emissions story broke in September, emissions testing has come under greater scrutiny, and none more so than in Europe, where critics have long been highlighting the weaknesses of the testing system. Ironically, changes to the emissions testing process were already under review but the story has pushed it up the agenda.
    Read More
  • FTA calls for infrastructure investment in Chancellor’s Spending Review
    September 11, 2015
    The Freight Transport Association (FTA) has told the Chancellor that investment in roads and rail infrastructure is key to the UK’s future growth in its submission ahead of his 2015 Spending Review. Chancellor George Osborne will publish his review on 25 November, setting out how the Government will invest in priority public services and deliver the US$31 billion further savings required to eliminate Britain’s deficit by 2019-20. FTA says the UK economy’s reliance on freight means investing in the s
    Read More
  • Iteris to provide on-call services to Federal Highway Administration
    October 8, 2012
    Iteris, US-based supplier of intelligent traffic management solutions, has been selected to provide on-call task-order based services to the US Federal Highway Administration (FHWA). Two contracts, for support services for the Office of Operations include: Operations and Intelligent Transportation Systems (ITS), and Traffic Incident and Events Management will be released over a period of up to five years. Iteris will have the opportunity to compete, with a small group of other selected providers, on each t
    Read More
  • Uber ‘running at a loss’
    August 7, 2015
    Leaked financial reports appear to indicate that car-share firm Uber is operating at a loss. According to internal financial documents obtained by the Gawker website (link http://gawker.com/here-are-the-internal-documents-that-prove-uber-is-a-mo-1704234157), Uber has lost tens of millions of dollars since 2012, and the documents suggest that CEO Travis Kalanick’s boasts about the company’s exponential revenue growth may be overblown. Gawker published images of the leaked documents online; an unaudited re
    Read More

Highlighted Content