SciDev delivers record A$10.2m Cash Receipts and A$1.8m Positive Cashflow
SciDev Ltd (ASX: SDV) (‘SciDev’ or ‘the Company’ is pleased to provide its Quarterly Activities Report for the period ended 31 December 2020.
Q2 FY2021 Highlights
▪ Record quarterly cash receipts of A$10.2m and sales of A$8.9m (versus cash receipts of A$5.6m and sales of A$9.4m 1QFY21)
▪ Record net cashflow from operations of A$1.8m
▪ Strong performance from the Oil & Gas sector with A$4m in sales
▪ Gross profit margin for the quarter was consistent with the previous quarter
▪ Strong business development pipeline with field qualifications ongoing
▪ Net cash at end of the quarter of A$7.1m
is pleased to provide its Quarterly Activities Report for the period ended 31 December 2020.
