Queste Communications Ltd (AU:QUE) has released an update.
Queste Communications Ltd has reported a net decrease in cash and cash equivalents for the current month, with significant staff and administration costs contributing to a negative cash flow from operating activities. Despite this, the company saw a positive impact from investing activities year to date, largely due to a substantial consideration received on the termination of an iron-ore royalty. Overall, the company’s cash position remains robust, ending the period with a healthy cash and cash equivalents balance.
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