SEAMEC Ltd Reports Declining Financial Metrics Amid Improved Receivables Management for Q4 2024
SEAMEC Ltd has released its financial results for the quarter ending December 2024, highlighting a challenging period with declines in net sales and profit metrics. However, the company has improved its receivables management, achieving a Debtors Turnover Ratio of 6.89 times, the highest in recent periods.
SEAMEC Ltd, a small-cap player in the shipping industry, has reported its financial results for the quarter ending December 2024. The results indicate a challenging period for the company, with notable shifts in its financial metrics. The evaluation changes reflect a decline in the overall score, which has adjusted to -15 from 11 over the past three months.On a positive note, SEAMEC has demonstrated efficiency in managing its receivables, achieving a Debtors Turnover Ratio of 6.89 times, the highest in the last five half-yearly periods. This suggests that the company has been effective in settling its debts more swiftly.
Conversely, several key financial indicators reveal significant challenges. Net sales for the quarter stood at Rs 149.34 crore, showing a substantial year-on-year decline. Profit Before Tax (PBT) has also seen a notable reduction, with a reported figure of Rs 7.34 crore, reflecting a sharp decrease compared to the previous year. Additionally, the company recorded a Profit After Tax (PAT) of Rs -3.35 crore, marking a continued downward trend over the last five quarters. The Earnings per Share (EPS) has reached its lowest point at Rs -1.31, indicating a decline in profitability.
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