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Victor Group Holdings (ASX: $VIG) releases cash flow report for December 2023 quarter

  • Author: Stock Piper

Overview of Victor Group Holdings' cash flow report for December 2023 quarter


Victor Group Holdings (ASX: $VIG) has released its cash flow report for the December 2023 quarter, providing an update on the key areas of activity during the quarter ended 31 December 2023. The report outlines the company's principal activities, key areas of activity, and a summary of revenue and expenditure incurred in respect of the company's business activities.

Executive commentary on the cash flow report and key activities


The negative net operating cash in this quarter was contributed to E-learning segments. The company did not make capital expenditures in the quarter. The management believes the cash flow of the group will be improved in the next quarter.

Summary of Victor Group Holdings' cash flow report and outlook


Victor Group Holdings (ASX: $VIG) has reported a negative net operating cash in the December 2023 quarter, primarily attributed to the E-learning segments. The company did not make capital expenditures during the quarter. Looking ahead, the management anticipates an improvement in the group's cash flow in the next quarter, reflecting their optimism for future performance.

Source: https://announcements.asx.com.au/asxpdf/20240131/pdf/05zxrznqz5hdn0.pdf

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