Norben Tea & Exports Reports Strong Financial Growth and Profitability Turnaround in December 2024
Norben Tea & Exports has announced its financial results for the quarter ending December 2024, highlighting a 45.33% increase in net sales to Rs 5.29 crore. The company also reported a profit after tax of Rs 0.82 crore, marking a significant turnaround from a loss in the previous year.
Norben Tea & Exports has recently reported its financial results for the quarter ending December 2024, showcasing notable developments in its performance metrics. The company, operating within the tea and coffee industry, has experienced a positive trajectory in its financial outcomes.For the half-yearly period, Norben Tea recorded net sales of Rs 5.29 crore, reflecting a year-on-year growth of 45.33%. This significant increase indicates a robust near-term sales trend, suggesting that the company is effectively capitalizing on market opportunities.
Additionally, the profit after tax (PAT) for the same period stood at Rs 0.82 crore, a marked improvement compared to the preceding twelve-month period, which reported a loss of Rs 1.77 crore. This shift highlights a turnaround in profitability, as the company has already surpassed its PAT from the previous year within just six months.
In light of these developments, Norben Tea has undergone an adjustment in its evaluation, with its score reflecting these positive changes.
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