After turnaround year, Redflow aims for growth

Redflow Limited (ASX: RFX) reports it has completed a successful turnaround during 2017-18 and is focussed on growth in the current year.

In a letter to shareholders accompanying the company’s 2017-18 results, Redflow reports that the past year had seen the company successfully set up its wholly owned factory in Thailand, where it now produces its unique zinc-bromine flow batteries.

Chairman Brett Johnson said Redflow’s primary focus was on producing high-quality batteries to meet the commercial and technical requirements of its customers. “Redflow’s priority is to maintain an efficient, high-quality manufacturing facility that, with increasing sales revenue, will progressively improve our gross profit margin,” he said. Continue reading “After turnaround year, Redflow aims for growth”