Lancor Holdings Reports Strong Financial Performance in Q2 2024, PAT Increases by 3,177.78%

Lancor Holdings, a microcap real estate company, has recently announced its financial results for the quarter ended June 2024. The company has shown a positive performance with a score of 15, which is an improvement from the previous score of 7 in the last 3 months.

One of the major highlights of the financial results is the significant growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 3,177.78% year on year. This shows a very positive trend for the company. The Net Sales for the same period have also shown a growth of 45.43% year on year, indicating a strong sales trend in the near term.

Moreover, the company has already surpassed its PAT for the previous twelve months in just half a year, which is a promising sign for investors. The Operating Profit (PBDIT) for the quarter has also been the highest in the last five quarters, showing a positive trend in the near term. The Operating Profit Margin for the quarter has also been the highest in the last five quarters, indicating an improvement in the company's efficiency.

However, one area of concern for Lancor Holdings is the rising interest cost, which has increased by 15.49% quarter on quarter. This signifies an increase in borrowings for the company.

In conclusion, Lancor Holdings has shown a positive financial performance in the quarter ended June 2024, with strong growth in PAT and Net Sales. However, investors should keep an eye on the rising interest cost for the company. MarketsMOJO has given a 'Sell' call for the stock, and investors should do their own research before making any investment decisions.