Lodges Appendix 4C for Q4 FY16
Melbourne, July 29, 2016 AEST (ABN Newswire) - Aconex Limited (ASX ACX), provider of a leading cloud and mobile collaboration platform for the global construction industry, today lodged its Appendix 4C report of cash flow for the quarter ended 30 June 2016 with the Australian Securities Exchange (ASX).
Aconex reported a cash balance of $50.0 million at 30 June 2016 and net operating cash flow of $0.2 million for the quarter ended 30 June 2016. Net operating cash flow included business acquisition and integration costs of $1.4 million related to the acquisition of Conject Holding GmbH. Excluding acquisition and integration costs, operating cash flow was $1.6 million for the quarter. Year over year, net cash receipts from customers increased 40% for the quarter and 38% for the full year.
"Our fourth-quarter operating performance was consistent with expectations," said Aconex CEO Leigh Jasper. "We look forward to reporting our full-year results and to a strong FY17 for the integrated Aconex and Conject business."
During the quarter, Aconex completed its acquisition of Conject, a leading cloud and mobile collaboration service provider in Europe and other regions, and a share purchase plan (SPP) under which eligible shareholders purchased 2.3 million shares at an issue price of $5.20, raising a total of $12.0 million. The SPP followed a capital raising of $120 million in March to finance the Conject acquisition and provide additional working capital.
Business highlights for the quarter also included enterprise agreements with Fluor Corporation, a leading global engineering, procurement and construction (EPC) firm, and ExxonMobil Corporation, the world's largest publicly traded international oil and gas company.
FY16 Results on 23 August
Aconex plans to report its FY 2016 results before the market opens on Tuesday, 23 August. CEO Leigh Jasper and CFO Steve Recht will host a teleconference and webcast presentation at 8:30 a.m. AEST on that date.
To listen to the teleconference and view the webcast, please use the access link below:
http://webcast.openbriefing.com/2903/
Supporting Resources
For more information on Aconex, please visit:
- Investor Centre: http://investor.aconex.com
- Website: http://www.aconex.com
To view the Cashflow report, please visit:
http://abnnewswire.net/lnk/IJ1DCY31
About Aconex Ltd
Aconex Limited (ASX:ACX) project collaboration solution digitally connects owners, builders and other teams, providing complete visibility and management of data, documents and costs across all stages of a construction project lifecycle. The Aconex cloud-based solution has been used to manage over $1 trillion in projects across 70,000 user organisations in over 70 countries. The company’s ordinary shares are traded on the Australian Securities Exchange (ASX) under the ticker code ACX and are included in the S&P/ASX 200 Index.
Supporting Resources
For more information on Aconex, please visit:
- Website: https://www.aconex.com
- Twitter: https://www.twitter.com/aconex
- LinkedIn: https://www.linkedin.com/company/aconex
- Facebook: https://www.facebook.com/Aconex
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