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3/2/2017 Redflex Reports $26.2 Million LossAustralian red light camera provider continues its downward financial spiral. The red ink has not slowed at Redflex Traffic Systems, the troubled photo enforcement firm. In documents filed with the Australian Securities Exchange on Tuesday, the Melbourne-based company admitted its losses for the first half of the fiscal year swelled to $32,961,000 before tax, or $26,262,000 after taking into account tax writeoffs.
Overall revenue dropped five percent to $4 million from the previous year's results as more and more cities decided to stop using red light and speed cameras ... | |||
3/1/2017 Voters In Canadian Town Overhelmingly Reject Photo EnforcementReferendum has three out of four voters in Drayton Valley, Canada calling for elimination of speed and red light cameras. | |||
2/28/2017 California City Doubles Down On Yellow Time ShorteningFremont, California intends to lock in extra red light camera revenue by shortening yellows permanently. | |||
2/27/2017 France: Speed Camera ExclaimsVigilantes disable a speed camera in Dax, France with spraypainted exclamation points. | |||
2/24/2017 Iowa Appeals Court Defends Speed CamerasAppellate panel in Iowa tosses two lawsuits against the use of interstate speed cameras. |
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