ERG
Stock Code
Stock Exchange
ERG (ERG) is an Australian company engaged in the development and supply of the software systems and automated fare collection equipment of the technologically advanced smart card systems and transit industry services. ERG was listed on the Australian Stock Exchange on the 18th of April 1991. Its average annual revenue reaches approximately $195 million out of its issued capital of $361 million. Its headquarters is located in Balcatta, Australia and to date; around 350 people are employed in the company.
ERG was the worst performing company among the listed shares on the ASX (Loser of the week for week 14 of 2007). The company lost 20 percent possibly due to increased complaints about Victoria's public transport system.
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