VERIS QUARTERLY REPORT TO 31 MARCH 2013
OTOC Limited (ASX code: OTC) is pleased to report its quarterly cash flows for the three months ended 31 March 2013 in the attached Appendix 4C.
Cash receipts from customers during the quarter were $25.8 million (December quarter: $38.3 million). OTOC recorded net operating cash flow of $827,000 for the current quarter (December quarter: $4.8 million).
The Company’s cash position remains strong at the end of March with $2.8 million in cash and over $11.0 million of customer receipts received in April. During the quarter OTOC repaid approximately $1.0 million of debt.