Redflex Paints $8.6 Million Loss As A Win

Australian automated enforcement giant Redflex Traffic Systems on Tuesday celebrated positive results at its annual meeting in Melbourne — except Redflex lost another $8.6 million this year, entering the sixth year without turning a profit. The firm has lost over $80 million since key executives were caught in a corruption scandal. Nonetheless, the firm’s new leadership team highlighted marginal improvements in the balance sheet.