Freedom Care Reports Positive Quarterly Cash Flow

Freedom Care Group Holdings Limited (AU:FCG) has released an update.

Freedom Care Group Holdings Limited reported a positive cash flow for the June 2024 quarter despite a slight dip in cash balance, with key business areas continuing to grow and nearly $9.2m in cash receipts. The company has also introduced a Sale Facility to reduce future administrative costs by allowing shareholders with small holdings to sell their shares without brokerage or handling fees. Looking ahead, Freedom Care focuses on expanding market share in the NDIS service provider sector, targeting both organic and inorganic growth, including strategic acquisitions.

For further insights into AU:FCG stock, check out TipRanks’ Stock Analysis page.