MSG.ASX: Quarterly Activities/Appendix 4C Cash Flow Report

Quarterly Activities/Appendix 4C Cash Flow Report

Stock	MCS Services Ltd (MSG.ASX)
Release Time	31 Jan 2025, 4:37 p.m.
Price Sensitive	Yes

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MCS Services Quarterly Activities and Cash Flow Report

Key Points

Cash and net receivables of $0.9 million as of 31 December 2024
Commenced new traffic management contracts and lodged tenders
Focused on growth strategies and identifying complementary businesses

Full Summary

MCS Services Limited (ASX: MSG) has released its Quarterly Activities Report and Appendix 4C Cash Flow Statement for the three months ending 31 December 2024. The company reported cash and net receivables of $0.9 million as of 31 December 2024, comprising $0.9 million in cash and $0.1 million in net receivables. During the period, the company commenced a number of new traffic management contracts, lodged several tenders, and focused on identifying growth strategies and complementary businesses to enhance its existing traffic management platform. The company also provided updates on its ATO repayment plan and corporate activities, including the non-proceeding of a previously contemplated reverse takeover. The Appendix 4C Quarterly Cash Flow Statement was also attached, detailing the company's cash flow movements across its traffic, corporate, and total activities.