Imarda reports strong lift in business
Telematics company Imarda has announced strong results for the first half of 2009.
The company shipped close to 9,000 units of its telematics hardware in the half year and says revenue and margins for the period are up over the same period in 2008.
CFO Claire Mitchell says revenues for the period are now over $12.5 million.
Combined with margins of around 53% percent, earnings before interest, tax and depreciation in excess of $4.2 million are expected for the half year, she says.