July 29, 2019

Straker Translations [ASX:STG] releases its Q1 FY2020 update

Straker Translations released its update for the June 2019 quarter.

Key highlights include:

  • 38% growth in cash inflows to NZ$6.1 million
  • Successfully integrated COM Translations’ sales and finance functions in a relatively short period of time
  • Acquisition of On-Global expanded Straker’s European footprint, and is immediately EBITDA accretive
  • Increasing investment in technology and team resources to support accelerated growth
  • M&A pipeline continuing to grow
  • Cash balance of NZ$15.1 million, and no debt, keeping the Company in a strong position to progress its exciting and successful growth strategy.

Click here to rad the full release to the ASX.