East 33 Limited: Q3 Cash Flow Report and Appendix 4C Update

East 33 Limited (ASX: E33) shared its market update and Appendix 4C and Quarterly Cash Flow report. The company's recovery from floods and QX disease, along with the rebuilding of biological assets, is on track, meeting expectations. They have efficiently managed cash by using the loan as a revolving credit facility, minimizing interest costs. Strategies are in place to better manage costs and workforce capabilities for future cost savings. In the farming segment, oyster sales slowdown seasonally, allowing for infrastructure repairs and improvements.

Past investments in pasteurizer equipment have resulted in successful hatchery oyster spawning, enhancing their stock position. The distribution segment saw increased total revenue despite a slight decline in volume. They are closely monitoring demand, especially in the restaurant channel, as higher interest rates impact customers. East 33 Limited's cash flow from operating activities stood with interest paid on a debt facility of AU$0.2 million. They generated AU$0.1 million from asset sales and made equipment finance repayments of AU$0.2 million in investing and financing activities, respectively, resulting in a closing cash balance of AU$0.9 million.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com