Vibrant Global Capital Reports Strong Financial Performance in Q2 2024

Vibrant Global Capital, a microcap finance company, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

Despite the negative outlook from MarketsMOJO, Vibrant Global Capital has shown a very positive financial performance in the quarter ending June 2024. The company's score has improved from 4 to 22 in the last 3 months.

One of the key factors contributing to this positive performance is the growth in Profit Before Tax less Other Income (PBT) which has increased by 83.52% year on year. The near-term trend for PBT is also very positive. Similarly, the company's Profit After Tax (PAT) has also shown a significant growth of 105.0% year on year, with a positive near-term trend. The Net Sales for the quarter have also seen a growth of 78.47% year on year, with a positive near-term trend. In fact, this is the highest Net Sales in the last five quarters for the company.

Another positive aspect for Vibrant Global Capital is its Debt-Equity Ratio, which is at its lowest in the last five half-yearly periods at 0.20 times. This indicates that the company has been reducing its borrowing as compared to its equity capital.

Overall, Vibrant Global Capital has shown a strong financial performance in the quarter ending June 2024, with positive trends in key areas such as PBT, PAT, and Net Sales. Despite the 'Sell' call by MarketsMOJO, the company's financials suggest a promising future for the microcap finance company.