Olympic Cards Reports Negative Financial Results for Q1 2024

Aug 14 2024 09:19 PM IST
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Olympic Cards, a microcap printing and publishing company, reported a negative performance in the quarter ending March 2024 with a score of -6. The company's Profit After Tax has decreased by 452.9% and net sales have shown a negative trend. The earnings per share were also at its lowest in the last five quarters.

Olympic Cards, a microcap company in the printing and publishing industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Olympic Cards has seen a negative performance in the quarter, with a score of -6 compared to 4 in the previous quarter. This indicates a decline in the company's overall financial health.

One of the major factors contributing to this decline is the Profit After Tax (PAT), which has fallen to -1.41 crore, a decrease of 452.9% compared to the average PAT of the previous four quarters. This indicates a significant decrease in the company's profitability. The net sales for the nine-month period have also shown a negative trend, with a growth rate of -21.34% year on year.

Furthermore, the company's earnings per share (EPS) for the quarter were at its lowest in the last five quarters, at Rs -0.86. This indicates a decline in profitability and a lower return for shareholders.

Overall, the financial results for the quarter ending March 2024 have not been favorable for Olympic Cards. The company will need to address these issues and implement effective strategies to improve its financial performance in the future.
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