Supreme Petrochem's Q2 results show growth in sales, but concerns arise over profitability
Supreme Petrochem, a midcap chemical company, recently declared its financial results for the quarter ended September 2024. The company's stock has received a 'Buy' call from MarketsMOJO, indicating positive prospects for investors.
Despite a flat performance in the quarter, Supreme Petrochem has shown a growth of 23.02% in its half-yearly net sales compared to the same period last year. This is a positive sign for the company, as it indicates a strong sales trend in the near future.
Moreover, the company has a high dividend payout ratio of 59.70%, which means it is distributing a higher proportion of its profits as dividends to its shareholders. This is a good sign for investors, as it shows the company's commitment to sharing its profits with them.
However, there are some areas of concern for Supreme Petrochem based on its September 2024 financials. The profit before tax (PBT) and profit after tax (PAT) have both fallen by 9.5% compared to the average of the previous four quarters. This indicates a negative trend in the near term for the company's profitability.
Overall, Supreme Petrochem's financial results for the quarter ended September 2024 show a mix of positive and negative trends. Investors should keep a close eye on the company's performance in the coming months to make informed investment decisions.
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