• A second successive cash flow positive quarter, generating $1.06 million of net cash from operations, an improvement of $6.6 million from the September 2018 quarter
• $12.7 million in cash receipts, up 18.9% from the September 2018 quarter
• Increasingly robust cash position: cash on hand of $9.9 million as at 30 September 2019
OutlookIn the current quarter, it is expected:
• Sales by JAT and its subsidiaries are expected to exceed the previous quarter.
• Green Forest will launch a new product into the market.
• ANMA production of both JAT products and third-party products will increase. Contracts fornew equipment for the packaging of lactoferrin products will be entered into, the equipmentwill be installed and production commenced in February 2020.
• Work will commence on developing new plant-based meat substitute products for export toChina and other Asian countries.
• JAT’s 50/50 cosmetics JV, JWR International Limited, will commence manufacture of itsproducts.
• JAT’s contract with CIIC Australia will assist with Chinese regulatory and approval issue
looking good for a rerate...
Ann: Appendix 4C - quarterly, page-5
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