Asian Tea & Exp Reports Strong Sales Growth and Positive Financial Trends in Q1 2024
Asian Tea & Exp, a microcap company in the tea/coffee industry, has recently announced its financial results for the quarter ending March 2024. The company has shown positive performance with a score of 9, a significant improvement from 0 in the last 3 months.
One of the key factors contributing to this positive performance is the increase in net sales, which have grown by 115.3% to Rs 18.56 crore compared to the average net sales of the previous four quarters. This trend is expected to continue in the near term, indicating a strong sales outlook for the company.
Moreover, Asian Tea & Exp has also achieved its highest net sales in the last five quarters, further highlighting its growth potential. The company's operating profit (PBDIT) has also seen a significant improvement, reaching its highest at Rs 0.59 crore in the last five quarters. This indicates a positive trend in the company's efficiency.
On the other hand, the company's profit after tax (PAT) has seen a decline of -785.7% compared to the average PAT of the previous four quarters. This is reflected in the lowest earnings per share (EPS) of Rs -0.54 in the last five quarters. However, the company's near term PBT trend is positive, indicating potential for improvement in profitability.
Overall, Asian Tea & Exp has shown promising financial results for the quarter ending March 2024, with a strong sales outlook and positive trends in key financial indicators. Investors should keep an eye on the company's future performance to make informed decisions.
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