- Expansion plans continue with appointment of additional sales and support staff in key markets.
- Significant growth in third quarter operating cash flow – up 50% on previous period.
- Cash position of $13 million – no debt.
Future Fibre Technologies Limited (ASX: FFT), a global leader in fibre optic intrusion detection systems, today released its Appendix 4C for the quarter ended 31 March 2016.
FFT’s third quarter results are consistent with the successful progress of the Company’s international growth strategy.
FFT Chief Executive Rob Broomfield said: “Cash receipts from customers for the quarter increased 50% over the previous period as a number of large projects previously invoiced progressed through specific payment milestones. In line with out growth strategy, we continued to build FFT’s global sales resources in South East Asia and Latin America, with further appointments planned in the Middle East and Europe by the end of FY16. ”
With $13 million cash at bank and no debt, FFT is well positioned to capitalise on the growing demand for its perimeter, pipeline and network security solutions and undertake additional large-scale projects¾substantially increasing the revenue opportunities available to the Company.
Click here to download FFT’s Appendix 4C.