Business
Why newly-listed Cosol (ASX:COS) share price climbed higher today // Motley Fool Australia
- Revenue of $11.6 million for the 5.5 month period ending 30 June 2020
- Profit after tax of $1.5 million for the 5.5 month period ending 30 June 2020
- Cash balance of $6.8 million and net debt of $0.12 million at 30 June 2020
- Reduction in debtor days – pre acquisition from 99 days to 45 days at 30 June 2020 – leading to strong cash flow.
Consol also advised it had secured new significant contracts with clients such as the Australian Defence Force and Energy Queensland, among others. The company also reported its financial results were not materially affected by COVID-19 despite not being eligible to receive the Federal Government’s JobKeeper stimulus package.
Half-year F21 results and the year ahead
Consol said its forecast…
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