Prima Agro's Q3 Financial Report Shows Negative Performance Across the Board

Prima Agro, a microcap company in the aquaculture industry, recently declared its financial results for the quarter ending September 2024. The stock call by MarketsMOJO for the company is 'Strong Sell'.

According to the financial report, Prima Agro has seen a negative performance in the quarter, with a score of -12 compared to 1 in the previous quarter. This decline can be attributed to various factors, including a decrease in operating cash flow, net sales, and profit after tax. The company's operating profit and profit before tax have also shown a negative trend in the last few quarters.

One of the major concerns for Prima Agro is its declining operating cash flow, which has been falling each year for the past three years. This indicates that the company's cash revenues from business operations are decreasing. Additionally, the net sales for the first half of the year have also shown a negative growth of -22.89% compared to the same period last year.

The company's profitability has also been affected, with a negative growth in both profit after tax and operating profit. This has resulted in a decline in earnings per share, indicating lower earnings for shareholders.

Moreover, Prima Agro's short-term liquidity is deteriorating, with a decrease in cash and cash equivalents in the last six half-yearly periods. The company's pace of settling its debtors has also slowed down, with the debtors turnover ratio at its lowest in the last five half-yearly periods.

In conclusion, Prima Agro's financial performance for the quarter ending September 2024 has been negative, with various factors contributing to this decline. Investors should carefully consider these factors before making any investment decisions.