iProperty Group Ltd (ASX: IPP), the owner of Asia’s No. 1 network of property portal sites under the iProperty brand, released its 4C statement with growth in cash collections driving a net operating cash flow result of A$0.16 m for the quarter. Cash receipts from operating activities for the period amounted to A$5.4 m, an increase of 31% from the corresponding period in 2012.
iProperty Group CEO, Shaun Di Gregorio commented “We are very pleased with the strong growth in cash receipts for Q4 which has driven a positive net operating cash flow result for the quarter; the first time that the Group has achieved this. The positive result is a milestone for the Group and goes to the success of the underlying strategy that we’ve been focused on over the last four years”
“This result provides the Group with a strong platform for future growth and the continued success of our businesses across our four core markets of Malaysia, Indonesia, Hong Kong and Singapore” said Di Gregorio.
Source: iProperty Group