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VIP Gloves Prepares Manufacturing Restart as Cash Flow Edges Positive

10:59am on Thursday 16th of January, 2025 AEDT Manufacturing
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VIP Gloves Prepares Manufacturing Restart as Cash Flow Edges Positive

10:59am on Thursday 16th of January, 2025 AEDT
Key Points
  • Modest net operating cash flow of $0.04 million in Q3 2024
  • Manufacturing activities suspended but set to resume by end of 2024
  • Sale of vacant land to generate approximately $1.05 million in working capital
  • Ongoing legal proceedings with trial postponed to March 2025
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