iProperty Group
(ASX:IPP) says they have seen a 50 per cent jump in cash collections.
Collections for the year were up $10.7 million to $32.3 million. This is despite Malaysian operations, which make up more than 50 per cent of contributions, seeing a worsening of the exchange rate between the ringgit and the Aussie dollar.
The Asia based property portal and real estate services company also says significant growth helped it achieve positive net operating cash flow during this latest period.
IPP will become part of the REA Group from February 2016.
IProperty reported a net loss of $1.55 million for the 2015 financial year.
