News: iProperty collections hit another record

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iProperty Group Limited (ASX:IPP) has reported record collections and positive quarterly cash flow and says it has an excellent growth trajectory for the remainder of the year. 

 

The owner of property portal sites and related real estate services posted its highest collections ever recorded of almost $7.5 million. 

 

iProperty booked positive net operating cash flow of $400,000 and positive net cash flow overall of about $100,000. 

 

Managing Director and CEO Georg Chmiel says iProperty is extremely happy with the performance and the company is well positioned for future growth. 

 

iProperty Group reported a net loss of $10.73 million in the 2014 calendar year.