working capital18 Feb 2013 22:07
is odd here imv
DYOR (I'm no accountant or analyst)...but looks like revs down but both receivables and payables up....
,,receivables doh = 47/17*180 (according to my amateur read of interims)
the recent update from the indian sub has
"4. The financial liquidity squeeze in the global market has impacted the Company, resulting in delays in recoveries of receivables. The Company is making considerable efforts to reduce its debtors and is confident that by the financial year end 2013 and April 2013 its receivables position will have improved substantially."
let's hope so..
all opinion only