News and Announcements
Cash Receipts from Customers Up 123% in Q1 for YPB Group
- Published May 02, 2016 3:09PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
29th APril 2016, ASX Announcement
Highlights
- Q1 cash receipts from customers increased 123% vs Q4 in 2015
- Affyrmx JV, established in Q1 2016, showing excellent early promise in the Government vital documents segment, receiving four orders since launch
- Currently servicing 152 active customer accounts across the world
- Strong business development pipeline in place with over 150 active projects
Overview
Global anti-counterfeit and brand protection solution company YPB Group Limited (ASX: YPB) is pleased to report a strong quarter-on-quarter increase in cash receipts of 123% to A$775,00 in Q1 2016. As part of its Appendix 4C for the period ending 31 March 2016, following is an update on corporate activities.
YPB has built an outstanding launchpad from which to strongly grow revenue and move the company into profitability in 2017.
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