Sterling Green Woods Reports Decline in Q3

Sterling Green Woods, a microcap real estate company, recently announced its financial results for the quarter ended September 2023. The company's net sales saw a significant decline of -62.20% compared to the previous quarter, while its consolidated net profit also took a hit with a decrease of -2,466.67%. The operating profit (PBDIT) excluding other income also saw a decline of -231.25%, indicating a challenging quarter for the company.

Despite the negative financial performance, Sterling Green has been able to maintain a high debtors turnover ratio, settling its debtors faster than in previous periods. However, the company's operating profit and profit before tax (PBT) have hit their lowest points in the last five quarters, with a negative trend in the near term. The earnings per share (EPS) have also declined, creating lower earnings for shareholders.

The overall financial score for Sterling Green has fallen to -4 from 5 in the last three months, according to MarketsMOJO, which has given a 'Sell' call for the company's stock. While the company's financial performance for the quarter may not be promising, it remains to be seen how Sterling Green will bounce back in the future.