OneVue posts positive cashflow
Provider of wholesale services to the wealth management industry, OneVue has posted its fourth consecutive quarter of positive cash flow as at the end of March.
In an announcement to the Australian Securities Exchange (ASX), OneVue said that cash balances at quarter end stood at $26.5 million, with net cash of $16.5 million.
At the same time, net cash from operations for the quarter was $0.75 million and after acquisition and integration costs of $0.45 million net cash from operating activities stood at $0.29 million.
During the quarter, the company also completed the final operations integrations for the acquired Diversa business.
OneVue’s managing director, Connie Mckeage, said: “Our operating performance for the quarter was in line with expectations and we continue to see increasing benefits of scale as the business grows.
“We look forward to benefiting from the contribution of the integrated Diversa business in the remainder of this financial year and into FY18.”
AUTHOR
Oksana Patron
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