Papyrus Australia: Reports a quiet quarter
- Papyrus Australia (PPY) has released the company’s March 2020 quarterly activity report, which detailed very little activity
- The company primarily spent the quarter supporting the Egypt Banana Fibre Company, which is continuing to produce promising results
- Papyrus Australia aims to demonstrate the commercial and sustainable potential in processing agricultural waste fibres
- The company’s quarterly expenditure was primarily compliance costs, relating to ASX fees, share registration fees, audit fees, and legal fees
- Papyrus Australia reported that it made no payments to an associate or related party during the uneventful March 2020 quarter
- Papyrus Australia shares remain grey at Monday’s close, trading for 1.1 cents each
