Queste Communications Strengthens Cash Position

Queste Communications Ltd (AU:QUE) has released an update.

Queste Communications Ltd reported a consolidated net decrease in cash from operating activities, with a slight recovery due to proceeds from an iron-ore royalty, resulting in cash and cash equivalents of $1,672,000 at the end of the period. The company’s financials also reflect a significant inflow from investing activities, primarily due to the termination of a consideration received by controlled entity OEQ. Overall, while the company navigated through expenses that impacted operating cash flow, strategic financial activities have bolstered its cash position.

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