An excellent quarterly report from YBR imo... the bold...

An excellent quarterly report from YBR imo... the bold represents the impressive part imo......particularly monthly volumes breaking the Billion Dollar mark for the first time.....

Executive Summary:

In Q2 FY2015 the YBR Group achieved its maiden operating cash surplus. The underlying operating cash surplus (excluding integration, acquisition and underwriter payments) was $1.4m, an improvement of $3.3m on the previous quarter (Q1 FY2015 deficit of $1.9m). This result includes the first full quarter of trading for the Resi and Vow businesses, acquired on 29 August 2014. It reflects increased scale and economies created from the combined businesses.  Receipts from customers increased by 138% to $38.2m  Underlying cash outflows (excluding acquisition, integration and underwriter payments) increased by 106% to $36.8m The group continued to execute its integration and marketing strategies during Q2 FY2015. Cash outflows included $0.8m in integration and acquisition payments (Q1 FY2015: $2.0m) and $0.7m in marketing payments, an increase of 83% on Q1 FY2015 $0.4m. The Group achieved record settlement volumes in Q2 FY2015. A highlight was Vow’s continued growth under YBR ownership, with monthly volumes breaking the billion dollar mark for the first time in December. This is a 60% improvement on same period last year.

Cheers
GF

This post contains my thoughts and is not a recommendation to buy or sell any stock...