Alaris Holdings Limited Financial Results for the year ended 30 June 2019[Johannesburg, 7 October 2019] -
Alaris Holdings Limited released their financial year end results at an event at the JSE on Thursday, 26 September 2019.
The Group performed exceptionally well for the year ended 30 June 2019, resulting in an impressive profit increase of 25% from R32.9 million to R41.1 million.
Net cash flow from operating activities decreased by 41% from R43.8 million to R25.9 million. The decrease in cash is due to several projects that were completed and invoiced during June, but not yet due for payment in the 2019 financial year.
The Group's cash position was R41.8 million on 30 June 2019 following the acquisition of mWAVE Industries LLC for a cash consideration of R30.2 million on 1 October 2018... [Full Story...]