Goldline Intl. Reports Decline in Q3 Results
Goldline International Finvest, a microcap finance company, reported a decline in net sales, standalone net profit, and operating profit for the quarter ended September 2023. Despite this, the company's stock has maintained a flat score in the last 3 months. MarketsMojo has given a 'Sell' call for the stock.
Goldline International Finvest, a microcap finance company, recently announced its financial results for the quarter ended September 2023. The company's net sales for the quarter showed a decline of 32.35% compared to the previous quarter, while the standalone net profit saw a decrease of 33.33%. The operating profit (PBDIT) excluding other income also saw a decline of 33.33%.The company's interest expenses have remained unchanged in the last few periods, while the operating profit margin (excluding other income) has fallen from the previous quarter. These results have led MarketsMOJO to give a 'Sell' call for the company's stock.
Despite the decline in financial performance, Goldline Intl. has maintained a flat score in the last 3 months. The company operates in the finance/NBFC industry and is classified as a microcap company.
It is important to note that this article is not making any recommendations or mentioning any future potential for the company. The information presented is based on facts and is intended to provide a neutral and informative tone for readers. Investors and experts are advised to conduct their own research and analysis before making any investment decisions.
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