Quarterly Cash Flow Report
04 Décembre 2007 - 8:02AM
UK Regulatory
RNS Number:0679J
e-pay Asia Limited
04 December 2007
ASX / AIM: EPY
e-pay Asia Limited
(the "Company")
Quarterly Cash Flow Statement
Steady Progress
The Board of e-pay Asia Limited is pleased to announce strong operating cash
flows for the quarter ended 30 September 2007 reflecting robust trading in the
Company's core Malaysian business. The net operating cash flow for the period
was A$1.4million.
In line with ASX listing requirements, the Company will revert to half yearly
reporting in 2008 as it is no longer required to report quarterly cash flows.
As highlighted previously, the Company has conducted a review of the business
and has changed management and streamlined operations across the group in order
to focus on improving business efficiencies.
This strategy has been successful and has created a tightly managed business
focused on driving profitable growth. New revenue streams continue to be added
via the sale of additional products and services through the Company's network
of terminals and will complement the Company's core business.
Good progress is being made towards moving into China, which has the potential
to deliver significant opportunities to the group and a further announcement
with regard to this new market will be made in due course.
The Board is confident of steady progress and looks forward to updating
shareholders with further news when appropriate.
John Croft, Chairman, commented:
"I am pleased to report a solid performance from our core Malaysian business,
which is delivering steady growth. We continue to introduce new revenue streams
into the business with a planned entry into China providing significant future
potential. I look forward to reporting on further progress shortly".
For more information:
Australia
Jack Tan e-pay Asia Limited +614 1828 6266 / +612 9283 8835
Non-executive Director jtan@epay-asia.com
Asia
Yap Chih Ming e-pay Asia Limited +601 7229 1616 / +603 5632 2488
Chief Financial Officer investor@epay-asia.com
UK / Europe
John Croft e-pay Asia Limited +44 7785 315 588
Non-executive Chairman jcroft@epay-asia.com
David Newton Seymour Pierce +44 20 7107 8000
Nominated Adviser davidnewton@seymourpierce.com
Shane Dolan Biddicks +44 20 7448 1000
Financial Public Relations shane.dolan@biddicks.co.uk
www.epay-asia.com
e-pay Asia Limited
Consolidated Cash Flow Statement for the quarter ended 30 September 2007
Year to date
July - Sep 07 Jan - Sep07
A$'000 A$'000
Cash flows from / (for) operating activities
Receipts from customers 146,944 432,973
Payments to suppliers and employees (145,233) (421,744)
- interest paid (317) (849)
- income tax (paid) / received (12) (96)
--------- ---------
Net cash from / (for) operating activities 1,382 10,284
--------- ---------
Cash flows from / (for) investing activities
Subscription of Convertible note (2,500) (2,500)
Payments for capital expenditure (430) (701)
Proceed from disposal 58 129
--------- ---------
Net cash from / (for) investing activities (2,872) (3,072)
--------- ---------
Cash flows for financing activities
Proceeds from issuance of shares 0 57
Borrowings (2,681) 6,093
Loan repayments 0 (4,996)
Dividend paid 0 (2,780)
--------- ---------
Net cash for financing activities (2,681) (1,626)
--------- ---------
Net cash inflow /(outflow) for the period (4,171) 5,586
Currency translation difference (655) (1,436)
Cash and cash equivalents brought forward 17,858 8,882
--------- ---------
Cash and cash equivalents carried forward 13,032 13,032
--------- ---------
Reconciliation of cash
------------------------
Cash in bank 3,290
Deposit with license bank 10,478
Bank overdraft (736)
---------
13,032
---------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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