Alpine Housing Reports Negative Performance in Q1, Receives 'Strong Sell' Rating
Alpine Housing Development Corporation, a microcap real estate company, has recently declared its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.
According to the financial report, Alpine Housing has seen a negative performance in the quarter, with a score of -8 compared to 0 in the previous quarter. This decline can be attributed to various factors, including a decrease in net sales and operating profit.
The company's net sales for the quarter were at Rs 11.58 crore, which is a decrease of 19.5% compared to the average net sales of the previous four quarters. This is also the lowest net sales in the last five quarters, indicating a negative trend in the company's sales.
Similarly, the operating profit for the quarter was at Rs 1.25 crore, the lowest in the last five quarters. The profit before tax, less other income, was also at its lowest at Rs 0.55 crore. This shows a declining trend in the company's profitability.
The earnings per share for the quarter were at Rs 0.28, the lowest in the last five quarters. This indicates that the company has created lower earnings for its shareholders.
Overall, the financial results for the quarter ending March 2024 have not been favorable for Alpine Housing Development Corporation. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO, suggesting caution for potential investors.
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