Chartered Logistics Reports Positive Financial Results for Q2 2024, PAT Increases by 636.67%

Chartered Logistics, a microcap logistics company, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Chartered Logistics has shown positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 16 to 8 in the last three months.

One of the major highlights of the financial report is the significant growth in Profit After Tax (PAT) for the half-yearly period. The company's PAT has increased by 636.67% year on year, which is a very positive trend. Moreover, the PAT for the half-yearly period is higher than the preceding 12 months, indicating a strong financial performance.

However, the company's net sales for the quarter have fallen by -13.6% compared to the average net sales of the previous four quarters. This is a cause for concern as the near-term sales trend is negative. The net sales for the quarter are also the lowest in the last five quarters.

Despite the mixed financial results, Chartered Logistics remains a strong player in the logistics industry. The company's focus on improving its financial performance and addressing the decline in net sales will be crucial for its future growth. Investors are advised to carefully monitor the company's progress before making any investment decisions.