Projects dry up for e-toll management firm

Bwhahahahahahahaha

Maybe their bottom line is butthurt because of the non-payment in SA
 
Not sure if anyone read the financial report:

The operation projects continued to supply stable earnings contributions. The projects in Gauteng, South Africa, and in Belarus were in operation for their first entire fiscal year, with a positive impact on the results. The system in Belarus was also expanded, as was the toll system in Poland. The continued expansion of both projects is in planning or has already been ordered.
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The headcount of the Kapsch TrafficCom Group increased by 237 people to 3,545 as of 31 March 2015 compared to 3,308 as of 31 March 2014. This increase is the result from the acquisition of KTC USA Inc., the take-over of external staff in the South African subsidiary ETC (Pty) Ltd. and from the expansion of the operation companies in Poland and Belarus.
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Electronic toll system in Gauteng province, South Africa
+ System went into operation 1.5 years ago
+ Over 1.4 million OBUs already distributed
- Payment rate still below the planned values
- Planned project profitability not yet reached
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The complete fiscal report will only be published in a week's time - http://www.kapsch.net/ktc/investor_...c-announcements/ktc_20150616_adhoc?lang=en-US. Will be interesting to see if there is specific mention about the 1,4m OBUs (i.e. are the OBUs counted as 1.4m as stock with Sanral or active OBUs)
 
It's effin disgusting that core infrastructure operation should be a source of profit for an overseas company.
 
Thanks for this, keep us updated. Will do more reading tonight
 
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