Lee & Nee Software Reports December 2024 Results, Highlights Growth Amid Debt Challenges

Lee & Nee Software (Exports), a microcap player in the IT software industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable shift in the company's evaluation, with its score reflecting a significant adjustment over the past three months.
The financial performance showcases a half-yearly net sales figure of Rs 5.66 crore, marking a year-on-year growth of 33.49%. This positive trend is further supported by the operating profit, which reached its highest level in five quarters at Rs -0.12 crore. Additionally, the profit before tax (PBT) also recorded its peak in the same timeframe at Rs -0.16 crore. The profit after tax (PAT) stood at Rs 0.19 crore, the highest in five quarters, while earnings per share (EPS) reached Rs 0.03, indicating an increase in profitability for shareholders.

However, the company faces challenges, particularly with its debtors turnover ratio, which has declined to 12.59 times, the lowest in the last five half-yearly periods, suggesting a slower pace in settling debts.

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