Overall results were ok, was expecting cashflow outflow to be...

Overall results were ok, was expecting cashflow outflow to be much worse than $200k
Gross margins are solid at 21%
Tough grind for secos, but holding up well IMO

This looks interesting

SECOS was awarded an order to supply 80 Ritchies stores with reusable compostable check
out bags opening a new category that is aimed to replace paper and plastic reusable check out
bags in retail stores. The Australian carry bag market represents a $2.2 billion opportunity if
retailers elect to use compostable reusable bags over plastic and paper bags.

Increased orders received in Q4 FY24 from Jewett Cameron Company (JCC) in response to
increased demand from USA retail stores to establish a foundation for sales growth leading into
FY25

Pity about VIC response to compostables.