Queste Communications Ltd (ASX:QUE) Monthly Cash Flow Report
Financial Overview
Queste Communications Ltd reports a positive cash flow performance for the current month, with a net cash inflow of $4,000. This reflects a nominal improvement in revenue activity, supported by receipts from customers during the month. For the year to date, the company has recorded a negative cash flow of $26,000 in operations but acknowledges ongoing challenges in managing costs.
Cash Position and Investments
At the close of the reporting month, Queste Communications Ltd had cash and cash equivalents totaling $4,224,000. A significant portion of liquid assets comes from its 59.86% equity interest in Orion Equities Limited, valued at approximately $1,498,824. Investment holdings also include shares in Bentley Capital Limited.
Future Outlook
Queste Communications Ltd continues to focus on managing cash flows effectively while exploring investment opportunities. No immediate financing needs have been identified, with unused financing facilities available at month-end standing at $125,000, reinforcing the company’s liquidity position.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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