SAFEROADS HOLDINGS

Government spending on road construction helped Saferoads Holdings, which makes temporary safety barriers, more than double net profit to $4.5 million as revenue rose 45 per cent. The company beat its own forecasts and is targeting sales growth of 15 per cent in 2007-08, boosted by the benefits it hopes to achieve from its acquisition of Swift Tech, a street lighting business, made in October last year. Shares in Saferoads have returned more than 90 per cent for the year and are well ahead of the issue price of $1 in 2005. Tracy Lee