Bang Overseas Reports Strong Financial Results with Record Debtors Turnover Ratio in December 2024

Bang Overseas has recently reported its financial results for the quarter ending December 2024, showcasing a range of positive developments. The company's score has seen an adjustment in evaluation, moving to 13 from 12 over the past three months, reflecting a favorable shift in its financial standing.
Key highlights from the financial results indicate that Bang Overseas achieved its highest Debtors Turnover Ratio at 4.75 times over the last five half-year periods, demonstrating an effective approach to settling debts more swiftly. Additionally, net sales reached Rs 50.20 crore, marking a significant growth of 22.4% compared to the average of the previous four quarters, which stood at Rs 41.00 crore.

The operating profit also reached a peak of Rs 0.81 crore, with an operating profit margin of 1.61%, indicating enhanced efficiency. Furthermore, the profit before tax and profit after tax figures were recorded at their highest levels in the last five quarters, with the profit after tax amounting to Rs 0.46 crore. Earnings per share also reflected this upward trend, reaching Rs 0.34.

These results suggest a robust performance for Bang Overseas in the recent quarter, leading to a revision in its score.

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