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The figure was an increase from the June quarter operating cash flow of $1 million.
The contractor seems to be emerging from the doldrums, posting cash flows since the March 2008 quarter (at $204,000), after four consecutive negative operating quarters.
At the end of the 2008 financial year Bounty posted earnings before interest, taxes, depreciation and amortisation of $1.8 million.
This was a $7.9 million improvement upon last financial year, when there was an EBITDA loss of $6.1 million.
The result was attributed to Aquila’s German Creek operation, where Bounty did the majority of its business, and it is now looking to expand its mining fleet.
To capitalise on the increasing demand for coal the company said it was planning to acquire more equipment including a re-manufactured continuous miner.
In August, Bounty placed its Stamler continuous haulage system underground at Aquila.
At the beginning of the year Bounty appointed coal stalwart Gary Cochrane as non-executive chairman replacing Colin Knox.
Shares in Bounty were trading unchanged at midday at 6c.
