Simavita Limited reported cash flow results for the quarter ended December 31, 2017. The company continues to reduce cash outflows associated with labour costs. For the current quarter these outflows were $798,000, down 15% from $935,000 in the previous quarter and down 35% from $1.22 million, for the corresponding period in the previous year. The Company continues to tightly manage ongoing operating costs with total cash outflows for the quarter of $1.66 million, up 11% from the previous quarter of $1.48 million due to one off fees incurred during the period for staff restructuring as well as legal fees associated with the issue of a convertible note. Total cash outflows for the current period are down 21% from $2.10 million for the corresponding period in the previous year.

Forecast cash outflows for the coming quarter are $1.5 million.