HB Portfolio Reports Strong Growth in PAT and Net Sales for Q1 2024.

HB Portfolio, a microcap finance company, has recently announced its financial results for the quarter ended March 2024. The company has shown a very positive performance, with its score improving from 10 to 23 in the last three months.

One of the key highlights of the financials is the significant growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 670.97% year on year. This is a very positive trend for the company. Additionally, the quarterly net sales have also shown a remarkable growth of 1159.0% compared to the average net sales of the previous four quarters. This indicates a strong sales trend in the near term.

Moreover, the company has already surpassed its PAT for the previous twelve months in just the first half of the current financial year. This is a significant achievement for HB Portfolio. The quarterly net sales have also reached its highest point in the last five quarters, further reinforcing the positive sales trend in the near term.

However, there are some areas that need improvement for HB Portfolio. The Profit Before Tax less Other Income (PBT) for the quarter has fallen by -88.0% compared to the average PBT of the previous four quarters. This is a concerning trend in the near term.

Overall, the financial results of HB Portfolio for the quarter ended March 2024 have shown a positive performance, with strong growth in PAT and net sales. However, the company needs to address the decline in PBT to maintain its positive momentum in the future.