How has been the historical performance of Southern Latex?
Southern Latex has reported zero net sales and operating income from March 2019 to March 2025, resulting in consistent negative operating profits and stagnant financial performance, despite a slight increase in total liabilities and assets. The company has shown no significant growth in revenue or operational activity during this period.
Answer:The historical performance of Southern Latex shows consistent figures across several key financial metrics over the years.Breakdown:
Southern Latex has reported zero net sales and other operating income from March 2019 to March 2025, indicating no revenue generation during this period. Total operating income also remained at zero, with raw material costs, purchases of finished goods, and other operating expenses consistently reported as zero. Employee costs showed a slight increase from 0.06 crore in March 2020 to 0.07 crore in March 2021, remaining stable at 0.08 crore from March 2022 to March 2024. Other expenses increased from 0.13 crore in March 2019 to 0.18 crore in March 2024. Total expenditure, excluding depreciation, fluctuated slightly but remained low, resulting in negative operating profit (PBDIT) each year, with a loss of 0.25 crore in March 2025. Despite these losses, the company reported a profit before tax of 0.27 crore in March 2025, down from 0.29 crore in March 2023. Profit after tax followed a similar trend, with a slight decrease to 0.23 crore in March 2025. The company's total liabilities increased from 5.69 crore in March 2019 to 6.66 crore in March 2024, while total assets also grew from 5.69 crore to 6.66 crore in the same period. Cash flow results consistently showed no inflow or outflow, indicating a lack of operational activity. Overall, Southern Latex has maintained a stable but stagnant financial position with no significant growth in revenue or operational activities over the years.
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