De.mem reports strong sales quarter

Australian-listed water and wastewater treatment business De.mem Limited (ASX:DEM) recorded a strong result in its December 2019 quarterly activities report.

Cash receipts of $3.3 million were received during the period, an increase of 69 per cent on the same quarter in 2018.

The company reported a cash balance of $8 million as at 31 December 2019.

The company said this set De.mem in good stead for the 2020 financial year, with a strong recurring revenue base and forward momentum.

The Singapore-Australian company focuses on Australian and Asian mining and resources clients, and has core IP in membrane filtration.

In October, @AuManufacturing reported De.mem (ASX: MEM) had bought German wastewater company Geutec Umwelt-und Ambwassertechnik GmbH based in Essen.

Picture: De.mem

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