Mefcom Capital Reports Strong 9-Month Growth, But Recent Quarter Shows Decline

Mefcom Capital, a microcap finance company, has recently announced its financial results for the quarter ending June 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

Despite the negative stock call, Mefcom Capital has shown positive financial performance in the quarter. The company's Profit After Tax (PAT) for the nine-month period has grown by a staggering 1,625.71% compared to the same period last year. This is a very positive trend for the company.

Moreover, the company's PAT for the nine-month period is higher than the preceding 12-month period, indicating a strong growth in sales. However, the company's net sales for the quarter have fallen by -27.9% compared to the average of the previous four quarters, showing a negative trend in the near term.

Additionally, Mefcom Capital's operating profit and profit before tax have also shown a decline in the quarter, with the lowest figures in the last five quarters. This is a cause for concern for the company and its shareholders.

Furthermore, the company's earnings per share (EPS) for the quarter have also decreased, indicating a decline in profitability. This could be a result of the negative trends in net sales and operating profit.

Overall, while Mefcom Capital has shown positive financial performance in the nine-month period, the recent quarter has seen a decline in key financial indicators. Investors should carefully consider these factors before making any investment decisions.