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Liquefied Natural Reports Negative Cash Flow of $4.68m for the December 2016 Quarter

16 Feb 2017  |  20:48:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Appendix 4C - quarterly

Liquefied Natural reported negative cash flow of $4.68m for quarter ended 31 December 2016. Operating cash flow for the period was $(5.14m). Investing cash flow was nil. Financing cash flow was $459,000. Cash in hand at the end of the quarter was $59.89m. The Company noted that following the close of the AGM on 17 November 2016, Mr Paul Cavicchi became Chairman of Company's Board of Directors. The Company issued 1,000,000 new ordinary shares were issued following the exercise of 1,000,000 options at an Exercise Price of A$0.46 per share.

Consolidated Statement of Cash Flow for the Quarter ended 31 December 2016

Current Quarter $A'000- 31 December 2016 Year to Date $A'000-6 Months
Net Operating Cash Flows (5,142) (13,259)
Net Investing Cash Flows 0 (409)
Total Operating and Investing Cash Flows (5,142) (13,668)
Net Financing Cash Flows 459 656
Net Increase (Decrease) in Cash Held (4,683) (13,012)
Cash at Beginning of Quarter/Year to Date 61,688 71,457
Cash at End of Quarter 59,888 59,888
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