Focused growth strategy in telco vertical underpinned record half-year revenue

Redflow Limited (ASX: RFX) is pleased to announce its results for the six months ending 31 December 2019 (H1 FY20), a period where Redflow gained further traction with its focused growth strategy in the telecommunications vertical.

Revenue was up 282% to $1.4 million (H1 FY19: $376k) as sales momentum built with follow up orders delivered to strategically important telecommunications customers, including Vodacom (through telco partner Mobax in South Africa) and the Rural Connectivity Group (through new partner Switchboard Services Limited in New Zealand).

At the same time, Redflow has been progressing new opportunities with additional telecommunications companies in its target markets that are expected to underpin strong sales growth in the short to medium term.

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Redflow on growth trajectory after emerging from a two-year turnaround

Redflow news: February 26, 2019


Redflow Limited (ASX: RFX) today announces its results for the six months ending 31 December 2018 (1H19), during which the Company increased its manufacturing capacity, received initial orders of zinc-bromine batteries from new customers in target markets, and built up its sales pipeline to drive long-term commercial success. 

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