Saferoads wants to make acquisitions this financial year and increase sales from its existing operations by at least 15 per cent. The Victorian manufacturer and supplier of traffic cones and other road-safety products, which listed on the Australian sharemarket in December last year, exceeded its prospectus net profit forecasts by 8.4 per cent, and its full-year dividend payment of 6¢ was in line with expectations. Saferoads said its general manager Jeff Herdman had resigned to set up his own business but would stay on as a consultant. It has appointed Wayne Portelli as general manager of operations.

SAFEROADS HOLDINGS Full year 2006 2005 Sales ($m) 26.7 22.8 Pretax ($m) 4.1 3.1 Net ($m) 2.9 2.2 EPS 12.5¢ 0.0¢ Final div* 3.5¢ ff 0.0¢ uf Shares (last) 72¢ (+2¢ ) *Payable Nov 3