NauticAWT Limited Faces Financial Hurdles

NauticAWT Ltd. (SG:42D) has released an update.

NauticAWT Limited reports a challenging financial position with net liabilities of S$1,600,000 as of March 31, 2024, despite a slight increase in cash and bank balances to S$10,000. The company’s current assets were modest, while it faced substantial current liabilities, including loans from a controlling shareholder. This financial update indicates tight cash flow management, with the company relying on shareholder loans to meet expenses.

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