SDV 1.67% 61.0¢ scidev ltd

Sales growth of 116% for the qtr with cash holding steady near...

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  1. 22,120 Posts.
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    Sales growth of 116% for the qtr with cash holding steady near $900k

    can they turn SciDev into a cash cow is the big question @3500 you still around?


    "SciDev achieved strong sales and profit growth during the quarter.
    In comparison with the June quarter of 2015, sales increased by approximately 116%.
    Assuming that sales are maintained at the same level as occurred during the quarter for the remainder of the 2015/16 financial year; sales would increase by 53% over the prior financial year.


    The increase in sales and profit was accompanied by an associated increase in working capital. The sales growth during the quarter was a result of
    : Increased sales to existing Australian customers;
     The acquisition of new Australian customers;
     Initial product sales to New Zealand as a result of the previously announced distribution agreement with Apex Environmental Ltd."
    Last edited by strauss: 21/10/15
 
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