DSK 2.12% $1.16 dusk group limited

Ann: FY24 Trading Update, page-16

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  1. 4,443 Posts.
    lightbulb Created with Sketch. 474
    You're right about the cash flow vs earnings.
    But we also need to look at the quality of the cash flow.
    During H1 24, they had a surprising resistance of their cash flow from operation (- 3 % to 27 m$ vs - 25 % for their EBITDA) but it was largely due to the improvement for their income tax (2.3 m$ tax refund vs 4.1 m$ tax paid for H1 23).
    Curious to see if it is still the case for H2, when they seem to have another good level of cash flow.
 
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