Queste Communications Ltd (AU:QUE) has released an update.
Queste Communications Ltd reported a net decrease in cash and cash equivalents for the current month, with a year-to-date net cash used in operating activities amounting to $685,000 AUD. Despite this, the company did see a substantial cash inflow from investing activities due to a $2,000,000 AUD consideration received by its controlled entity, Orion Equities Limited. Overall, Queste’s cash position at the end of the period stands at $1,462,000 AUD, bolstered by these investing activities.
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