CNI Research's Q3 financials show decline in performance, 'Strong Sell' call by MarketsMOJO

Despite a positive growth in net sales, CNI Research has reported a negative financial performance for the quarter ending September 2024. The company's score has fallen from 8 to -6 in the last 3 months, indicating a decline in overall performance.

According to the financial results declared on November 8, 2024, CNI Research's net sales for the nine-month period have grown by 20.10% year on year, showing a positive trend in sales. However, the company's profit after tax (PAT) for the quarter has fallen by -2972.7% compared to the average PAT of the previous four quarters. This is a concerning trend for investors.

The company's operating profit (PBDIT) for the quarter is also at its lowest in the last five quarters, indicating a negative trend in the near term. Similarly, the profit before tax less other income (PBT) is also at its lowest in the last five quarters, showing a decline in profitability. The earnings per share (EPS) for the quarter are also at its lowest in the last five quarters, creating lower earnings for shareholders.

Based on these financial results, MarketsMOJO has given a 'Strong Sell' call for CNI Research's stock. It is important for investors to carefully consider these financials before making any investment decisions.