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SYDNEY, Aug 1 Asia Pulse - Listed telco Clarity International Ltd today said the company closed the financial year with more than $A7.7 million ($US3.88 million) in cash reservces.
Chief executive Tony Kalcina said in a statement cash on hand at June 30, 2001 was more than $A7.7 million ($US3.88 million), an increase of $A5.2 million ($US2.62 million) dollars over the previous quarter's reserves.
"Net operating cashflows for the quarter exceeded $A7.2 million ($US3.63 million) following collection of payments from customers," he said.
Mr Kalcina said receipts from customers over the quarter increased by more than $A11 million ($US5.54 million) from the previous corresponding period.
He said company directors ...