Overview of Queste Communications' April 2024 cash flow report

Queste Communications Ltd (ASX: $QUE) has released its monthly cash flow report for April 2024, including details about its cash position, investments, and financing activities. The report encompasses the company's 59.86% interest in ASX listed investment company, Orion Equities Limited, which is considered a controlled entity of Queste Communications Ltd under the Accounting Standards.

Executive commentary on cash flow and financial activities

The company's cash flow report for April 2024 reflects our ongoing commitment to transparency and compliance with accounting standards. We are pleased to disclose the details of our cash position, investments, and financing activities, including our interest in Orion Equities Limited. The report provides stakeholders with a comprehensive view of our financial activities for the month, demonstrating our dedication to maintaining a strong and sustainable cash position.

Summary of April 2024 cash flow report and outlook

Queste Communications Ltd's April 2024 monthly cash flow report highlights the company's cash position, investments, and financing activities, including its 59.86% interest in Orion Equities Limited. The unsecured loan agreement with Orion Equities Limited, allowing for an advance of up to $275,000 to Queste Communications Ltd, is a notable aspect of the report. The company's investments are regarded as liquid assets to supplement its cash reserves, indicating a strategic approach to maintaining financial stability. Looking ahead, Queste Communications Ltd aims to continue its operations and meet its business objectives, emphasizing its commitment to sustaining a favorable cash flow position and ensuring the successful funding of its operations.