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.