Diligent Media Corporation Shows Positive Growth

Diligent Media Corporation, a microcap company in the printing and publishing industry, has recently declared its financial results for the quarter ended September 2023. According to the analysis by MarketsMOJO, the stock call for Diligent Media is 'Sell'.

In the quarter ended September 2023, Diligent Media saw a significant growth in its net sales, with a 56.29% increase compared to the previous quarter. The standalone net profit also showed a positive growth of 67.61%. The operating profit (PBDIT) excluding other income also saw a significant growth of 176.92%. The company has not incurred any interest expenses in the last few periods, and its operating profit margin has improved compared to the previous quarter.

Overall, Diligent Media has shown a positive financial performance in the quarter ended September 2023. However, the company's score has fallen from 25 to 19 in the last 3 months, indicating some areas of concern.

On the positive side, Diligent Media has shown a strong growth in net sales and profit after tax (PAT) in the nine-month period, with a growth rate of 173.56% and 488.0% respectively. The company has also been able to settle its debtors faster, with a debtors turnover ratio of 1.08 times in the last five half-yearly periods.

On the other hand, the company's non-operating income is high, accounting for 94.34% of its profit before tax (PBT). This may not be a sustainable business model in the long run. Additionally, the company's cash and cash equivalents have decreased in the last six half-yearly periods, indicating a deteriorating short-term liquidity. The non-operating income has also seen a significant increase in the last five quarters, which may not be sustainable.

In conclusion, Diligent Media Corporation has shown a positive financial performance in the quarter ended September 2023, but there are some areas of concern that investors should keep in mind. It is important to carefully analyze the company's financials and future prospects before making any investment decisions.