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%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.