Develop Global Limited (AU:DVP) has released an update.
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Develop Global Limited reported a positive cash flow from operating activities amounting to $2.36 million for the quarter ending September 2024, buoyed by strong customer receipts. However, the company faced a significant cash outflow of $17.21 million in investing activities, primarily due to expenditures on property, plant, equipment, and investments. Despite these challenges, Develop Global bolstered its financial position with a net inflow of $4 million from financing activities, mainly through equity securities.
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