Geong cash flow still awful and red flags building
Turnover was broadly flat at £4.8m (H1 2010/11: £4.7m) and profit before tax up £0.71m compared with £0.67m in the comparable period.
The rise in net cash to £7.3m from £4.1m was as a result of the £2.9m of new money raised in the period but there was another operating cash outflow of £757,000 as a result of the rising level of trade receivables of £18.7m, due largely to building levels of accrued income of…
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