I actually did not mind the quarterly. Great to see they have now covered this item which was always contentious for me.
"The difference between revenue and cashflows in the following Appendix 4C is primarily due to the take-up of income in advance which has now been reduced from $2,410k at the beginning of the year to $449k (unaudited) as at 30 June 2018."
Only minor concern was "
"In China, sales have been slower than expected and, whilst Zoono products have been launched on radio, home shopping TV has yet to go live. The Company continues to progress with its current Chinese representative, RBCGO, but is also looking at other options, including selling direct cross border into China."
Quarterly was probably what I expected. I would expect receipts now to start tracking up quarter on quarter as prepayments are nearly finished and Chinese sales ramp up.
ZNO Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
