How has been the historical performance of Flomic Global?
Flomic Global's historical performance has been challenging, with zero net sales from 2008 to 2011 and negative operating cash flow, although it achieved positive operating profit and profit before tax in March 2011. Despite a decline in profit after tax and earnings per share, cash flow from investing activities improved significantly by March 2012.
Answer:Flomic Global has shown a fluctuating performance over the years, with net sales and total operating income consistently reported at zero from March 2008 to March 2011. The company has incurred operating losses, with operating profit (PBDIT) excluding other income showing negative values in the earlier years, but turning positive in March 2011 at 0.18. Profit before tax also improved to 0.18 in March 2011, up from 0.28 in March 2010, while profit after tax decreased to 0.15 in March 2011 from 0.21 in March 2010. The earnings per share (EPS) reflected a decline from 0.29 in March 2010 to 0.21 in March 2011. Cash flow from operating activities remained negative, indicating ongoing challenges in generating cash from core operations, although cash flow from investing activities improved significantly to 4.99 in March 2012.Breakdown:
Flomic Global's financial performance from March 2008 to March 2011 reveals a challenging trajectory, with net sales and total operating income remaining at zero throughout this period. Employee costs decreased from 0.05 in March 2008 to 0.02 in March 2011, while manufacturing expenses showed a slight increase from 0.03 to 0.02. The total expenditure, excluding depreciation, was 0.02 in March 2011, down from 0.46 in March 2009. Despite these expenditures, the operating profit (PBDIT) turned positive in March 2011, reaching 0.18, while profit before tax also improved to 0.18. However, profit after tax fell to 0.15 in March 2011 from 0.21 in March 2010. The company faced negative cash flow from operating activities, although cash flow from investing activities saw a notable increase, contributing to a net cash inflow of 0.62 in March 2012. Overall, Flomic Global's historical performance indicates a struggle with operational profitability, despite some signs of recovery in recent years.
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