PET 0.00% 2.5¢ phoslock environmental technologies limited

Cash flow shows cash received, while accounting profit includes...

  1. 2,294 Posts.
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    Cash flow shows cash received, while accounting profit includes invoices not yet paid. Look at the Activity Report. Cash sales for the half year were $3.4 million, but sales (ie includes invoices) were $6.2 million. Debtors outstanding (there were some at 30 June as well of course) $4.5 million. They were only saying break even at the AGM, so there will not be much profit I suspect. Other interesting point is Chinese pay after 90-120 days (if your lucky) so we will need a lot of working capital as sales ramp up.

    The AGM predicted sales of $7 million in first half (so a slight undershoot in reality) and full year sales of $22 million, so as guidance was not changed presumably $15 million in second half. However there has been slippage in the Chinese canal project which was supposed to be finished by end 2018 and is only 40% completed. Presumably that means the second stage $5 million which was due to start in February will be delayed.
 
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