Vivid Global Industries Reports Mixed Financial Results for Q3 2024
Vivid Global Industries, a microcap company in the chemicals industry, has reported a flat performance for the quarter ending September 2024, with a score of 2 out of 10. However, the company's Profit After Tax has shown growth and surpassed previous sales. Net sales for the quarter have decreased by 27%, indicating a negative trend. Investors should carefully evaluate the company's performance before making any investment decisions.
Vivid Global Industries, a microcap company in the chemicals industry, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financial report, Vivid Global's performance for the quarter has been flat, with a score of 2 out of 10. This is a decrease from the previous quarter's score of 10. However, there are some positive aspects to the company's financials.
The company's Profit After Tax (PAT) for the nine-month period has increased to Rs 0.27 crore, compared to the previous 12-month period's PAT of Rs 0.12 crore. This shows a growth in profitability and the company has already surpassed its sales from the previous 12 months.
On the other hand, the company's net sales for the quarter have fallen by 27% to Rs 7.04 crore, compared to the average net sales of the previous four quarters which was Rs 9.65 crore. This indicates a negative trend in sales in the near term.
Despite the mixed financial results, Vivid Global remains a microcap company in the chemicals industry. Investors should carefully consider the company's performance before making any investment decisions. This information is based solely on the company's financial report and does not include any external data or sources.
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