Lee & Nee Software (Exports) Announces Q1 Results, Shows Positive Sales Trend

May 24 2024 09:15 PM IST
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Lee & Nee Software (Exports) has reported a flat performance in the quarter ended March 2024, with a 'Sell' call from MarketsMojo. However, the company has shown positive growth in net sales and profit after tax for the nine-month period. On the downside, the earnings per share for the quarter are at a low of Rs -0.03, indicating a decline in profitability. Investors should carefully evaluate all information before investing in this microcap IT software company.

Lee & Nee Software (Exports), a microcap IT software company, has recently announced its financial results for the quarter ended March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Lee & Nee Soft. has shown a flat performance in the quarter, with a score of 2 compared to 3 in the previous quarter. However, there are some positive aspects to the company's performance. The net sales for the nine-month period have grown by 26.05% year on year, indicating a positive sales trend in the near term. Additionally, the profit after tax for the nine-month period is higher at Rs 0.43 crore compared to the previous 12-month period.

On the other hand, there are some areas of concern for Lee & Nee Soft. The earnings per share for the quarter are at a low of Rs -0.03, the lowest in the last five quarters. This indicates a decline in profitability and lower earnings for shareholders.

Despite the mixed financial performance, Lee & Nee Software (Exports) remains a microcap company in the IT software industry. Investors should carefully consider all the information before making any investment decisions.
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