Ann: Appendix 4C - quarterly, page-28

Its cash flow, rather than profit.

pays to read the full notes:

Operating payments for the quarter totalled ~$3,284,000 (Q1 FY2019: ~$3,369,000). As noted in theSeptember quarterly report, last quarter the Company made payments to key suppliers with short orzero day credit terms to commence and execute its new contracts. As these substantial payments(~$610,000) were made in the previous quarter, operating payments made in the December quarterwere disproportionately lower.Group staffing costs were the best indicator of the increased activities at ~$754,000 (Q1 FY2019:$631,000) compared to the previous period.Overall net cash inflow from operating activities for the quarter was $1,189,000 (Q1 FY2019: outflowof $864,000). As above this reflects the increase in SIMPEC’s activities with higher cash receipts.This result also reflects the lower figure for operating payments due to the upfront payments madelast quarter.

So I would be looking at the full 6 month period rather than a one off Q due to above

An improvement, but I'd like to see 4 quarters and the payables/receivable balance to compare properly.

One thing I noted was Admin and Corp has been roughly steady at 400-450k but the est. next Q outflows are $200k

bit strange.? or bit lazy?

EDIT: I had a sell on last run 3c, but meant to change to hold now.