Visco Trade Associates Releases Q3 Financial Results, Receives 'Hold' Rating from MarketsMOJO
Visco Trade Associates, a microcap trading company, reported flat performance for the quarter ending September 2024, with a PBT growth of 57.08% year on year and higher cash revenues. However, Net Sales have fallen by -67.65% year on year and interest cost has increased by 17.65% quarter on quarter. Investors are advised to hold and monitor the company's progress.
Visco Trade Associates, a microcap trading company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.
According to the financial report, Visco Trade's performance for the quarter has been flat, with a score of 3 compared to 26 in the previous quarter. However, there are some positive aspects to the company's financials. The Profit Before Tax (PBT) has shown a growth of 57.08% year on year, with a near-term trend that is very positive. The company has also generated higher cash revenues from its business operations, with the Operating Cash Flow being the highest in the last three years.
On the other hand, there are some areas that need improvement for Visco Trade. The Net Sales for the quarter have fallen by -67.65% year on year, with a near-term trend that is very negative. This trend has been consistent for the last five quarters. Additionally, the company's interest cost has increased by 17.65% quarter on quarter, indicating increased borrowings. The Debtors Turnover Ratio for the half-yearly period is also at its lowest in the last five periods, suggesting a slower pace of settling debts.
Overall, Visco Trade's financial performance for the quarter has been mixed, with some positive and negative aspects. Investors are advised to hold their stock and monitor the company's progress in the coming months.
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