Papyrus Australia Ltd (AU:PPY) has released an update.
Papyrus Australia Ltd has disclosed its monthly financial performance for May 2024, showing a net decrease in operating cash flow, partially offset by positive investing and financing activities. The company’s cash position improved with a net increase in cash and cash equivalents, reflecting the impact of government grants, borrowing proceeds, and other financial transactions. Overall, the firm maintained a stable cash reserve through strategic financial management despite operational costs.
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