Cashflow positive for the year
Total receivables grew by almost $1.1 million for the quarter and sit at approximately $1.7 million at year-end.
Demand for the ZinClear range of products continues to improve due to the expansion of the distribution network and as a result in the investment in new formulations and samples.
ZinClear revenues in the quarter grew by more than 50% over the prior corresponding quarter.
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Don't be confused by a negative cashflow report that we knew was coming. You will note that the negative cashflow is a result of having to buy a heck of a lot of more raw materials to produce the significant growth of new customer orders.
The full year financials are going to be a cracker my friends.
Ann: Appendix 4C - quarterly commentary 30 June 2015, page-2
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