Gourmet Gateway's Q1 2024 Financial Report Shows Negative Performance, Investors Advised to Take Note
Gourmet Gateway, a microcap finance company, recently declared its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.
According to the financial report, Gourmet Gateway has seen a negative performance in the quarter, with a score of -7 compared to -1 in the previous quarter. This decline can be attributed to various factors, including a significant decrease in Profit After Tax (PAT) which has fallen by 206.1% from the average of the previous four quarters. The company's Operating Profit (PBDIT) has also decreased to its lowest in the last five quarters, indicating a negative trend in the near term.
Furthermore, Gourmet Gateway's Operating Profit Margin has also decreased to its lowest in the last five quarters, indicating a decline in the company's efficiency. The Profit Before Tax less Other Income (PBT) has also seen a significant decrease, reaching its lowest in the last five quarters. This trend is expected to continue in the near term.
The company's Earnings per Share (EPS) have also declined, reaching its lowest in the last five quarters. This indicates a decline in profitability and lower earnings for shareholders.
Overall, Gourmet Gateway's financial performance for the quarter ending March 2024 has been negative, with various factors contributing to this decline. Investors are advised to take note of these results and make informed decisions regarding their investments in the company.
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