How has been the historical performance of Flomic Global?
Flomic Global's historical performance has been volatile, with zero net sales from March 2008 to March 2011, but it showed signs of recovery in March 2011 with positive operating profit and improved profit before tax, despite a decline in profit after tax and negative cash flow from operations. Cash flow from investing activities rebounded significantly in March 2012.
Answer:Flomic Global has shown a fluctuating financial performance over the years, with net sales and total operating income consistently reported at zero from March 2008 to March 2011. The company incurred various expenditures, with employee costs decreasing from 0.05 Cr in March 2008 to 0.00 Cr in March 2011, while manufacturing expenses increased slightly from 0.03 Cr in March 2008 to 0.02 Cr in March 2011. Operating profit (PBDIT) exhibited a positive trend in March 2011 at 0.18 Cr, compared to 0.07 Cr in March 2010, although it was negative at -0.17 Cr in March 2009. Profit before tax also improved to 0.18 Cr in March 2011 from 0.28 Cr in March 2010, while profit after tax decreased to 0.15 Cr in March 2011 from 0.21 Cr in March 2010. The earnings per share (EPS) were 0.21 in March 2011, down from 0.29 in March 2010. Cash flow from operating activities remained negative, with a notable decline in cash flow from investing activities in March 2010, but it rebounded to a positive 4.99 Cr in March 2012.Breakdown:
Flomic Global's financial history reveals a lack of revenue generation, with net sales and total operating income remaining at zero from March 2008 to March 2011. The company faced a gradual decline in employee costs and a slight increase in manufacturing expenses over the years. Operating profit turned positive in March 2011, indicating improved operational efficiency, while profit before tax also showed a positive trend. However, profit after tax saw a decrease in March 2011 compared to the previous year. The earnings per share reflected a downward trend, and cash flow from operating activities remained negative, although cash flow from investing activities showed a significant recovery in March 2012. Overall, Flomic Global's performance has been characterized by volatility, with some signs of recovery in recent years.
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