ANIREP reports first positive operating cash flow
Alpha Namibia Industries Renewable Power Limited (ANIREP) recorded its first positive operating cash flow for the financial year ended 28 February, marking what the company described as a transition from its capital investment phase to full-scale operations as an independent power producer.
CHAMWE KAIRA
Alpha Namibia Industries Renewable Power Limited (ANIREP) recorded its first positive operating cash flow for the financial year ended 28 February, marking what the company described as a transition from its capital investment phase to full-scale operations as an independent power producer.
According to the company’s audited financial statements released on the Namibian Stock Exchange (NSX), operating cash flow improved to a positive N$15.1 million from an outflow of N$38.1 million in the previous financial year.
