13 April 2015
ComOps Limited (“ComOps”) is pleased to release its Appendix 4C Quarterly Cash Flow Report for Q1 of the 2015 Financial Year as required by LR 4.7B.
- Operating cash flow positive; $0.24 million, up $1 million on Q4 2014
- Cash receipts increase strongly to $2.8 million, up 31% on Q4 2014 and 159% on Q1 2014
- Cash balances rebound strongly to close to $1 million ($0.95m)
The first quarter of the ComOps 2015 financial year shows the first positive results from the two year transformation of ComOps that has been undertaken and continues the strong growth in cash receipts over the past 4 quarters. The reporting of positive operating cash flows ($0.24 million positive operating cash flow) is particularly pleasing and will provide all shareholders, customers, staff and stakeholders with greater comfort that the strategy being undertaken by ComOps is starting to deliver.