Plexure shares soar 26% as revenue gains, cost cutting gets cash in the door

Tue, 29 May 2018

By Paul McBeth May 30 (BusinessDesk) - Plexure Group shares jumped 26 percent as the mobile voucher firm started generating positive cash flow after slashing costs and building sales momentum. The Auckland-based firm held cash of $4.1 million as at March 31, after generating a cash inflow from its operations of $2.6 million in the year through March, compared to an outflow of $4.7 million a year earlier. That means it can fund its own operation without having to go back to shareholders. Plexure narrowed its loss to $1.6 million from...

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