Astron Paper's Q1 Financial Report Shows Decline in Profitability and Efficiency

Astron Paper & Board Mill, a microcap company in the paper and paper products industry, recently announced 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, Astron Paper has seen a negative performance in the quarter, with a score of -18 compared to -5 in the previous quarter. This indicates a decline in the company's financial health.

The company's Profit Before Tax (PBT) less Other Income has fallen by 175.83% year on year, with a near-term trend that is very negative. Similarly, the Profit After Tax (PAT) has also fallen by 341.0% year on year, with a negative trend in the near term. The Net Sales have also decreased by 14.35% year on year, with a very negative trend in the near term.

Astron Paper's ability to manage interest payments has deteriorated, with the Operating Profit to Interest ratio at its lowest in the last five quarters. The company's Debt-Equity Ratio has also been increasing each half year, indicating that it is borrowing more to fund its operations and may face liquidity issues.

The company's Operating Profit (PBDIT) for the quarter is at its lowest in the last five quarters, with a negative trend in the near term. The Operating Profit Margin has also decreased to its lowest at -5.63%, indicating a decline in efficiency.

Overall, Astron Paper's financial performance for the quarter ending March 2024 has been negative, with declining profitability and lower earnings for shareholders. Investors should carefully consider these factors before making any investment decisions.