Redflex battles revenue drop in the US

The Australian speed camera manufacturer Redflex has seen its share price drop by a third thanks to a fall in revenue due to the Coronavirus crisis.

The Wall Street Journal reports that the company’s seen a loss in revenue because fewer drivers means fewer people speeding which impacts on the share the company receives.

It has also had a contract to install cameras in Pennsylvania halted due to a ban on roadworks in the state.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email
Share on print
Print

Related Stories

HIGHWAYS... DAILY

All the latest highways news direct to your inbox every week day

Subscribe now

This website uses cookies to ensure you get the best experience on our website.