Facor Alloys Reports Decline in Financial Performance

Facor Alloys, a microcap company in the ferro and silica manganese industry, recently declared its financial results for the quarter ending September 2023. The stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the quarterly analysis, the company has seen a decline in its net sales by -50.99% compared to the previous quarter. The consolidated net profit has also decreased by 94.16% in the same period. The operating profit (PBDIT) excluding other income has seen a significant decline of -94.66%. However, the interest has increased by 71.43%.

The operating profit margin (excluding other income) has also fallen from the previous quarter. This negative financial performance has resulted in a decrease in the company's score from 3 to -12 in the last 3 months.

The company's net sales, profit before tax (PBT), and profit after tax (PAT) have all seen a significant decline compared to the previous four quarters. The net sales in the quarter ending September 2023 were the lowest in the last five quarters. The operating profit (PBDIT) was also at its lowest in the last five quarters.

The operating profit margin has also decreased, indicating a deterioration in the company's efficiency. The profit before tax (PBT) has also seen a decline, which is a concerning trend for the company.

In conclusion, Facor Alloys has seen a negative financial performance in the quarter ending September 2023. The company's net sales, operating profit, and profit before tax have all decreased, resulting in a 'Strong Sell' rating by MarketsMOJO.