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.