Add-Shop E-Retail Announces Q1 Financial Results, Receives 'Strong Sell' Rating
Add-Shop E-Retail, a microcap trading company, has reported its financial results for the quarter ending March 2024. The company's overall score has improved from -8 to 0 in the last three months, with a significant growth in Profit Before Tax and Profit After Tax. However, Net Sales have fallen by -20.5%, indicating a negative trend in the near term. Investors are advised to carefully evaluate the company's financials before investing.
Add-Shop E-Retail, a microcap trading company, has recently announced its financial results for the quarter ending March 2024. The results, declared on August 12, 2024, have received a 'Strong Sell' call from MarketsMOJO.
According to the financial report, Add-Shop E-Retail has shown a flat performance in the quarter ending June 2024. However, there has been an improvement in the overall score, which has increased from -8 to 0 in the last three months.
The company's Profit Before Tax less Other Income (PBT) has seen a significant growth of 52.0% compared to the average PBT of the previous four quarters. The Near term PBT trend is also very positive. Similarly, the Profit After Tax (PAT) has shown a growth of 46.0% compared to the average PAT of the previous four quarters. The Near term PAT trend is also very positive.
On the other hand, the Net Sales for the quarter have fallen by -20.5% compared to the average Net Sales of the previous four quarters. This has resulted in a very negative near term sales trend. Additionally, the Net Sales for the quarter have been the lowest in the last five quarters, indicating a negative sales trend in the near term.
Despite the mixed financial performance, Add-Shop E-Retail remains a microcap trading company with potential for growth in the future. Investors are advised to carefully consider the company's financials before making any investment decisions.
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