Babylon Pump & Power (ASX:BPP) expects positive cash flow for the current fiscal year and beyond, following a quarter that saw operating cash flow of negative AU$800,000, according to a Tuesday filing with the Australian bourse.
The negative operating cash flow for the quarter was driven by working capital needs in the maintenance segment, with a quiet January and February, followed by a strong invoicing month in March, the filing said.
The company expects its rental segment to drive steady business performance, with several new project wins in the quarter contributing to growth.
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