bullish
Rent.com.au Ltd - Good Cost Control in the Face of Seasonal Weakness
SUMMARY
- Rent.com.au Limited (ASX:RNT) is a purpose-led company seeking to empower home renters through their rental profile, rental bond and payments, and through a growing number of aligned transactional services.
- The company has reported a positive Q2 operating cashflow of $0.385m due to a $0.68m R&D tax credit.
- The underlying result demonstrated good cost control in the face of a seasonally weaker market and slippage in advertising revenue as a result of tough economic conditions for the home building sector.
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