bullish
Amaero International Ltd - Q4 Cashflow Summary Confirms Strong Costs Stewardship
SUMMARY
- Amaero International Ltd (ASX:3DA) is a global specialist in titanium and specialty alloy powder production and advanced manufacturing for the defence, aerospace, and other industrial sectors.
- The company has reported Q4 operating cash outflow of $0.855m, well down on that reported in the previous three quarters of FY24 and the lowest quarterly cash outflow since Q4 FY20.
- The result was driven by a tight rein on cash operating costs and $1.32m in government grants and tax incentives which offset $0.026m in restructuring costs and the cost of Project Falcon in the United Arab Emirates.
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