How has been the historical performance of Mid East Port.?
Mid East Port has not generated any revenue from March 2019 to March 2025, resulting in consistent operating losses, though a rise in other income led to a positive operating profit of 0.41 in March 2025. Total assets increased from 3.14 to 3.65 during this period, indicating a stable financial position despite stagnant operations.
Answer:The historical performance of Mid East Port shows a consistent lack of revenue generation and operational activity over the years, with net sales and other operating income remaining at zero from March 2019 to March 2025. The total operating income also reflects this stagnation, remaining unchanged at zero. Employee costs have been minimal, with a slight increase from 0.00 in previous years to 0.02 in March 2025, while other expenses have seen a gradual rise, peaking at 0.08 in March 2025. Despite these expenditures, the company has reported operating losses, with operating profit (PBDIT) excluding other income showing a negative trend, culminating in -0.10 in March 2025. However, other income has fluctuated, leading to a positive operating profit of 0.41 in March 2025, a significant increase from previous years. Profit before tax and profit after tax also reflect this positive trend, reaching 0.42 in March 2025.Breakdown:
Mid East Port has not generated any net sales or operating income from March 2019 to March 2025, indicating a lack of operational activity. Employee costs have slightly increased, while other expenses have risen over the years, culminating in total expenditures of 0.10 in March 2025. The company has consistently reported operating losses, but a notable increase in other income has led to a positive operating profit of 0.41 in March 2025, compared to previous years. Profit before tax and profit after tax have also improved, reaching 0.42 in March 2025. The company's total assets have grown from 3.14 in March 2020 to 3.65 in March 2025, while total liabilities have also increased, reflecting a steady financial position despite the lack of revenue generation.
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