Titan Energy Services (ASX:TTN) has received a $2.2 million tax refund from the Australian Taxation Office that will support its working capital position.
The company’s key focus is to monitor expenditure and preserve cash.
It is also actively engaged with potential clients to deploy assets efficiently and effectively once tender decisions are finalised and projects commence.
As at 30th June 2015, the company has $1.1 million in cash and no debt.
News: Titan Energy Services banks $2.2M tax refund
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