Rubicon Water (ASX:RWL) said that though 65% of Rubicon's US cost base is currently subject to the 10% tariff, the company's terms of trade will allow for the passing through of tariff-related costs to customers, according to a Tuesday filing with the Australian bourse.
The company also reported an AU$5 million cash collection from Indian customers, reducing receivables to AU$5.6 million, down from AU$13.4 million as of June 30, 2024, the filing said.
Further collections from India are expected by the end of the fiscal year, the filing added.
Shares of the company rose 4% in recent Tuesday trade.
Price (AUD): $0.26, Change: $+0.010, Percent Change: +4.00%
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