Media ReleasesCarbonxt Group

View All Carbonxt Group News

Carbonxt Group - June 2021 Quarterly Activities Report

Carbonxt Group Ltd (ASX:CG1) (“Carbonxt” or “the Company”) is pleased to provide this Appendix 4C Report for the quarter ended 30 June 2021. All numbers are in A$ unless stated otherwise.

• Considerable progress was made in the period encompassing manufacturing, sales, marketing and Research & Development (‘R&D’) activities.
• Customer receipts of $2.7m received in line with the prior quarter;
• Compared to the prior quarter, Powdered Activated Carbon revenue was up by 13% primarily reflecting utilities returning to pre COVID operating levels;
• AC Pellet revenue was down by 27% as a result of the decision to defer industrial pellet manufacturing as announced in April 2021. This has subsequently rebounded considerably in the current quarter;
• Cash outflows were $0.5m primarily due to the Company’s decision to reduce CTC pellet-related outstanding associated with the move away from high-priced thirdparty carbons;
• Accounts Payable at quarter end were reduced substantially by $0.6m to $1.5m;
• Net cash outflows from investing activities were $0.3m reflecting ongoing progress on several R&D projects detailed below. 

For more information, download the attached PDF.

Download this document

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.