COLABOR PURSUING STRATEGIC ALTERNATIVES (AS PER TEXT BELOW) Q3/2018 FINANCIAL RESULTS
Cash flow and financial position
Cash flow from operating activities stood at $12-million in the third quarter of 2018, compared with $8.9-million for the equivalent quarter of 2017. This is explained by an improving working capital situation resulting from better management of accounts receivable and inventories to reflect the level of sales.
As at Sept. 8, 2018, the company's total debt including the convertible debentures and bank overdraft amounted to $115.4-million, down from $122.4-million in the second quarter of 2018, and $118.9-million during the equivalent period of 2017.
Outlook
"We are redoubling our efforts in order to change the trend of recent years and are now seeing some positive effects. As announced in the second quarter of 2018, we are pursuing our reflection and are actively working to identify strategic alternatives," added Mr. Ettedgui.