Zenotech Laboratories Reports Flat Performance in Q1 FY25, PAT Decreases by 61.84%
Zenotech Laboratories, a microcap pharmaceutical company, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO, indicating a negative outlook for investors.
According to the financial report, Zenotech Lab. has shown a flat performance in the quarter, with a score of -3, which is an improvement from the previous quarter’s score of -15. However, the company’s profit after tax (PAT) for the first half of the year has decreased by 61.84% compared to the same period last year. This trend is expected to continue in the near term, indicating potential challenges for the company.
Despite these challenges, Zenotech Laboratories remains committed to its mission of providing high-quality pharmaceutical products to its customers. The company has a strong presence in the microcap market and continues to strive for growth and success in the industry. Investors are advised to carefully consider the current financial performance of the company before making any investment decisions.
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