TheNewspaper.com: Driving Politics
Home >Camera Enforcement > Revenue from Cameras > US Cameras Drive Record Profit for Redflex Australia 
Print It Email It Tweet It

2/22/2005
US Cameras Drive Record Profit for Redflex Australia
Redflex profits are soaring due to expansion into the American red light camera market.

Redflex logo
The leader in digital red light and speed camera technology, Redflex, has announced that its profits have soared 413 percent as a result of increased use of photo enforcement in American cities.

In the past few months, the number of Redflex cameras installed in the U.S. has grown from 301 to 401. The number is expected to grow to 500 by June 30 and to 1000 "in the next two to four years."

Redflex is also offering cities the ability to add photo speeding ticket capabilities to the red-light cameras that are already installed.

Although Redflex has offices in the United States, they are wholly owned by the Australian parent company which reports all profits to the Australian stock exchange.

Article Excerpt:
The profit, and a 57 per cent jump in revenue with the promise of more to come, caught the attention of investors, who lifted the share price 4 per cent, or 15 Cents, to $3.82...
Source: Traffic cameras drive 413% gain for Redflex (The Age (Australia), 2/22/2005)

Regional News:
Other news about Australia



Permanent Link for this item
Return to Front Page


Related News
Ex-Redflex VP Seeks $2 Million Bounty From Corruption Settlement

Redflex Reports $26.2 Million Loss

Redflex Slows Its Financial Losses

Credit Agencies Order Cities To Stop Reporting Unpaid Tickets

Illinois: Six-Figure Fines Levied In Redflex Corruption Trial




View Main Topics:

Get Email Updates
Subscribe with Google
Subscribe via RSS or E-Mail

Back To Front Page


Front Page | Get Updates | Site Map | News Archive | Search | RSS Feed
TheNewspaper.com: Driving politics
TheNewspaper.com