Great to see the level of free cash flow, excluding the receipt for the Indian project : 2.2 m or 8.8 m annualised.
That corresponds to a free cash flow yield of 6.3 %.
I thought that the company was much more dependant on their Indian project.
Also interesting to note that payment for operating cost decreased by 1.1 m qoq.
This company seems to be a nice trajectory looking at their sales trend, the good control of their costs and their pipeline of new products.
Ann: Appendix 4C - quarterly, page-7
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