Solid growth for IRD

International Road Dynamics showed solid growth for the three months ended 28 February, with revenue up 3.6 per cent in key geographic markets and product segments. The company’s gross margin continues to strengthen, up 11.6 per cent from last year's first quarter, rising to 30.6 per cent of revenues from 28.4 per cent last year. It reports a stable financial position with working capital rising to US$7.7 million and forecasts continued growth through the balance of fiscal 2015. "Following solid growth
April 14, 2015 Read time: 2 mins
69 International Road Dynamics showed solid growth for the three months ended 28 February, with revenue up 3.6 per cent in key geographic markets and product segments. The company’s gross margin continues to strengthen, up 11.6 per cent from last year's first quarter, rising to 30.6 per cent of revenues from 28.4 per cent last year. It reports a stable financial position with working capital rising to US$7.7 million and forecasts continued growth through the balance of fiscal 2015.
 
"Following solid growth and improved profitability in fiscal 2014, progress continued in the first quarter of fiscal 2015 with higher revenues and a strengthening gross margin," commented Terry Bergan, president and CEO. "Looking ahead, we believe the current environment of lower oil prices could positively impact our business due to increased use of highway and transportation infrastructure, while continued investment by governments and the private sector to facilitate economic growth, improve transportation systems efficiency, reduce emissions, and increase safety and productivity should drive further gains over the long term."
Urban Traffic Control

For more information on companies in this article

Related Content

  • Cambodia's first commercial train begins operation
    January 2, 2013
    After years of renovation, Cambodia's modern railway system has commenced commercial rail operations on the 256 km southern line between the capital city of Phnom Penh and Sihanoukville Port. The renovation was carried out with financial support from the Asian Development Bank (ADB) and development partners. "ADB welcomes this first commercial train service to the Port of Sihanoukville which marks a significant development towards the completion of the long-awaited Pan-Asian railroad - a contiguous Iron Sil
    Read More
  • Port Authority of New York to go all-electric
    November 2, 2018
    A leading US public transportation agency has become the first in the country to embrace the Paris Climate Agreement, and will introduce an all-electric airport shuttle bus fleet. The voluntary Paris deal is aimed at curbing global temperature rise to under 2 degrees Celsius. As part of a commitment to achieving this, the Port Authority of New York and New Jersey says it will aim to reduce greenhouse gas (GHG) emissions by 35% by 2025 – and 80% by 2050. Its shuttle fleet will consist of 36 electric vehicl
    Read More
  • Ability to keep in touch on US buses woos travellers
    February 1, 2012
    David Crawford finds evidence of a new trend in American intercity travel: that better access to data sources on the move is tempting passengers away from air travel and onto surface modes. In the US the ease of use of Portable Electronic Devices (PEDs) is successfully wooing long-distance travellers away from airlines and onto surface public transport, according to just-published research. Using data from field observations of 7,028 passengers travelling by bus, air and train in 14 US states and the Distri
    Read More
  • Ability to keep in touch on US buses woos travellers
    February 1, 2012
    David Crawford finds evidence of a new trend in American intercity travel: that better access to data sources on the move is tempting passengers away from air travel and onto surface modes. In the US the ease of use of Portable Electronic Devices (PEDs) is successfully wooing long-distance travellers away from airlines and onto surface public transport, according to just-published research. Using data from field observations of 7,028 passengers travelling by bus, air and train in 14 US states and the Distri
    Read More

Highlighted Content