SOLCO LTD (ASX : SOO) ABN: 27 084 656 691 QUARTERLY ACTIVITIES UPDATE Solco has continued to generate strong sales of $7.38m for the first quarter, showing a 50% increase when compared to the comparative quarter last financial year (although a decrease of 13% to the 30 June 2009 quarter due largely to government delays in releasing the remaining 50,000 pre-approvals for the now finished Solar Homes and Communities Plan’s (SHCP) rebate program). . The negative operating cash flow of $0.9m for the quarter is largely reconciled against a significant reduction in trade creditors of $3.9m (or 53%), offset by reduced trade debtors (down $0.9m) and reduced inventory levels (down $1.4m). Cash at bank as at the 30th September was $3.6m. For
GOE Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
