Working Systems in the black
You have no credits left. To view this article subscribe to Business News.
You have used {{points}} and have {{current_points}} remaining. Your credits will reset on {{reset_date}}.
This article is part of a special report and is available to paid Business News subscribers only.
You can purchase access to this special report or subscribe to Business News.
You can purchase access to this special report or subscribe to Business News.
This article is premium content and is available to paid Business News subscribers only.
Subscribe to Business News.
Subscribe to Business News.
Tuesday, 1 August, 2000 - 22:00
WORKING Systems Solutions has announced a positive cash flow for the quarter ending June 30, in line with prospectus forecasts.
CEO John Wreford said the company’s cash status placed it in an ideal position to expand its eastern States’ operations and level of business in Singapore.
“Our business activities generated positive cash flow of more than $600,000 in the June quarter, which provides more cash for future acquisitions,” Mr Wreford said.
During the last quarter, Working Systems earned $1.861 million from customer receipts, taking total customer receipts in the five months since the company was formed to $2.194 million.
The company recently acquired Melbourne-based health management systems specialist Bourke Johnston Systems Pty Ltd.
Mr Wreford said it was estimated the acquisition would add 16 per cent, or about $1.5 million, to Working Systems’ 2001 forecast revenues.
CEO John Wreford said the company’s cash status placed it in an ideal position to expand its eastern States’ operations and level of business in Singapore.
“Our business activities generated positive cash flow of more than $600,000 in the June quarter, which provides more cash for future acquisitions,” Mr Wreford said.
During the last quarter, Working Systems earned $1.861 million from customer receipts, taking total customer receipts in the five months since the company was formed to $2.194 million.
The company recently acquired Melbourne-based health management systems specialist Bourke Johnston Systems Pty Ltd.
Mr Wreford said it was estimated the acquisition would add 16 per cent, or about $1.5 million, to Working Systems’ 2001 forecast revenues.