Jet Freight Logistics Reports Positive Financial Results for Q4 2023
Jet Freight Logistics, a microcap logistics company, has reported its financial results for the quarter ending December 2023. Despite a flat performance, the company's score has improved from -10 to 4 in the last three months. Key factors contributing to this improvement include a 178.5% growth in Profit After Tax and the highest Earnings per Share in the last five quarters. MarketsMojo has advised investors to hold their stock in the company.
Jet Freight Logistics, a microcap logistics company, has recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Hold' call by MarketsMOJO.According to the financial report, Jet Freight has shown a flat performance in the last quarter of 2023. However, there has been a significant improvement in the company's score, which has increased from -10 to 4 in the last three months.
One of the key factors contributing to this improvement is the company's Profit After Tax (PAT) which has grown by 178.5% year on year, reaching Rs 1.53 crore. The near-term trend for PAT is also very positive. Additionally, the company's PAT for the quarter is the highest in the last five quarters, indicating a positive trend in profitability.
Another positive aspect of Jet Freight's financials is its Earnings per Share (EPS) which has reached its highest at Rs 0.90 in the last five quarters. This shows that the company has been able to generate higher earnings for its shareholders.
Overall, Jet Freight Logistics has shown a positive financial performance in the last quarter of 2023, with a significant improvement in its score and positive trends in key financial indicators. Investors are advised to hold their stock in the company, as suggested by MarketsMOJO.
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