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AUSTRALIA'S ADULTSHOP.COM POSTS 1ST POSITIVE CASH FLOW.
PERTH, Nov 1 Asia Pulse - AdultShop.com Ltd today posted its first positive net operating cash flow of $A1.74 million ($US872,784) for the September quarter and said that it expects the excellent performance of its online entertainment business to continue generating consistent strong cash flows.
The result represents a $A4.22 million ($US2.12 million) turnaround following the June net operating cash outflow of $A2.45 million ($US1.23 million).
Chief executive Malcolm Day said the improved performance shows the Perth-based company has set the appropriate priorities and is heading towards a very successful financial year.
"AdultShop.com will continue to reduce the company's operating expenditure, rationalise its operations and improve its operational efficiencies," ...
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Source: HighBeam Research, AUSTRALIA'S ADULTSHOP.COM POSTS 1ST POSITIVE CASH FLOW.