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Papyrus Australia Ltd ( (AU:PPY) ) just unveiled an announcement.
Papyrus Australia Ltd’s latest quarterly cash flow report indicates a net increase in cash and cash equivalents by $489,000 for the quarter ending December 2024. The company experienced a net cash outflow of $284,000 from operating activities, driven by research and development and administrative costs, which was partially offset by government grants and tax incentives amounting to $332,000. Cash inflows from investing activities totaled $345,000, primarily due to loans to other entities, while financing activities saw a net cash outflow of $133,000 despite borrowings of $131,000. This financial update highlights Papyrus Australia Ltd’s ongoing investment in research and development while managing operational and financing challenges.
More about Papyrus Australia Ltd
Papyrus Australia Ltd operates in the sustainable materials industry, focusing on the development and commercialization of technology that converts waste banana tree trunks into usable fibre products. The company’s market focus includes providing eco-friendly packaging solutions and contributing to the circular economy.
YTD Price Performance: 10.0%
Average Trading Volume: 258,737
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$6.22M
For detailed information about PPY stock, go to TipRanks’ Stock Analysis page.
