Papyrus Australia Ltd (AU:PPY) has released an update.
Papyrus Australia Ltd has reported a decrease in net cash from operating activities, registering an outflow of $80,000 for the current month and $321,000 year-to-date. However, the company experienced positive cash flows from investing activities with $99,000 this month, and an overall net increase in cash and cash equivalents of $424,000 over the past ten months. This financial movement highlights both challenges in operation and strategic gains from investments.
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