Redflex Profit Plunges 414 Percent

Corruption investigation cuts Redflex profit by 414 percent this year.
TheNewspaper
Mar. 05, 2015

Redflex Traffic Systems continues to struggle for survival. The red light and speed camera giant told Australian investors on Tuesday that profits plunged 414 percent in the fist half of the fiscal year. Compared to the net profit of $5 million recorded last year, Redflex saw $10 million in red ink. The news could soon become even worse.

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