Babylon Pump & Power Ltd (AU:BPP) has released an update.
Babylon Pump & Power Ltd reported a positive operating cash flow of $1.0 million in the September quarter, driven by strong financial performance and strategic investments, including a new distributorship deal with Higra Industrial for amphibious pumps in Australia. The company is poised for continued organic growth, buoyed by $4.3 million in available funding and $4.9 million in receivables from a blue-chip client base. This positions Babylon well as it explores acquisition opportunities to enhance its capabilities in specialist equipment and services for resource sector water management.
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