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Article: OSAKA GAS SEES NEGATIVE FREE CASH FLOW OF US$204 MLN IN FY02.
- Article from:
- AsiaPulse News
- Article date:
- July 11, 2002
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TOKYO, July 11 Asia Pulse - Osaka Gas Co. (TSE:9532) is expected to post a negative consolidated free cash flow of about 24 billion yen (US$204.02 million) for the fiscal year ending March 2003, compared with a positive consolidated free cash flow of 66.6 billion yen in fiscal 2001.
The company will see a negative free cash flow for the first time in three years because cash flow from operating activities will be reduced as a result of cuts in gas charges in March.
Free cash flow can be obtained by combining operating cash flow and cash flow from investing activities.
The company's positive operating cash flow will likely stand at 110.5 billion ...