Diligent Media Corporation Reports Mixed Financial Results for Q1 2024

Diligent Media Corporation, a microcap company in the printing and publishing 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, Diligent Media has seen a negative performance in the quarter, with a score of -7 compared to 20 in the previous quarter. However, there are some positive aspects to the company's financials.

One of the strengths highlighted in the report is the Debtors Turnover Ratio, which has been consistently growing each half year in the last five periods. This indicates that the company has been able to settle its debtors faster, which is a positive sign for its financial health.

Another positive aspect is the company's Earnings per Share (EPS) for the quarter, which is the highest in the last five quarters at Rs 10.68. This shows that Diligent Media has been able to increase its profitability and create higher earnings for its shareholders.

However, there are also some areas of concern for the company. The Profit Before Tax less Other Income (PBT) for the quarter has fallen by -144.30% compared to the same period last year. The Profit After Tax (PAT) has also seen a decline of -122.2% year on year. The Operating Profit (PBDIT) for the quarter is at its lowest in the last five quarters, and the Cash and Cash Equivalents have also decreased in the last six half yearly periods.

Overall, Diligent Media's financial performance for the quarter ending March 2024 has been negative, with some strengths and weaknesses. Investors should carefully consider these factors before making any investment decisions.