Uni-Asia Group CHJ has reported US$3.3 million ($4.45 million) in net cash inflows in 9M2024 ended Sept 30, compared to US$19.2 million in net cash outflows this time last year.
In a Nov 22 business update, the property and shipping firm says net operating cash inflows was US$16.8 million in 9M2024, boosted by ship charter income and its Japan property business. This is more than double the US$9.8 million recorded from this segment this time last year.
Investing activities, meanwhile, was US$2.9 million in 9M2024, mainly from proceeds from ship disposed early 2024 offset by investments into new properties in Japan. This is up from US$7.5 million in net cash outflows this time last year.
Financing activities was the biggest hit, with US$16.4 million of net cash outflows, compared to US$19.9 million in net cash outflows from this segment this time last year. The company attributes thai net payment of borrowings and interests as well as FY2023 final dividend and FY2024 interim dividend paid.
Cash and cash equivalents as at Sept 30 was US$41.6 million, up from US$28 million this time last year.
See also: SAC Capital downgrades Uni-Asia to 'hold', lowers TP to 80 cents
Borrowings were 41.1% of book value of total assets collateralised as at Sept 30.
Shares in Uni-Asia Group closed flat at 79.5 cents on Nov 22.
Tables: Uni-Asia Group
