Tasty Dairy's Q4 Financial Report Shows Significant Decline, Receives 'Strong Sell' Rating

Tasty Dairy Specialities, a microcap FMCG company, recently declared its financial results for the quarter ending December 2023. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financial report, Tasty Dairy has seen a significant decline in its performance, with a score of -30 compared to -11 in the previous quarter. This is a cause for concern for investors and stakeholders.

The net sales for the quarter have fallen by -71.62% year on year, indicating a very negative trend in the company's sales. The profit before tax less other income has also seen a sharp decline of -1270.98% year on year, and the profit after tax has fallen by -1317.8% year on year. This shows a significant decrease in the company's profitability.

Moreover, Tasty Dairy's operating profit to interest ratio is at its lowest in the last five quarters, indicating a deteriorating ability to manage interest payments. The company's interest costs have also risen, which could be a result of increased borrowings.

The company's net sales and operating profit have also hit their lowest in the last five quarters, and the operating profit margin is at a concerning -351.49%. This suggests a decline in the company's efficiency.

Overall, Tasty Dairy's financial performance for the quarter ending December 2023 has been very negative. The company's stock has been given a 'Strong Sell' call, and investors should carefully consider these financials before making any investment decisions.