Ladderup Finance Shows Positive Trends in Q3
Ladderup Finance, a microcap finance company, reported a 14.17% increase in net sales for the quarter ended September 2023 compared to the previous quarter's decline of 14.53%. The consolidated net profit also improved from a decline of 900.00% to 375.00%. Despite a 'Sell' stock call by MarketsMojo, the company's financial performance has shown positive trends in the last quarter.
Ladderup Finance, a microcap finance company, has recently announced its financial results for the quarter ended September 2023. The company's net sales for the quarter showed a growth of 14.17% compared to the previous quarter, which had a decline of 14.53%. However, the consolidated net profit for the quarter saw a decline of 375.00%, an improvement from the previous quarter's decline of 900.00%. The company's operating profit (PBDIT) excluding other income also showed a significant improvement of 492.86% compared to the previous quarter's decline of 26.32%. The interest expenses for the quarter also saw a growth of 37.50%, an improvement from the previous quarter's decline of 52.94%. This has resulted in an improvement in the operating profit margin (excluding other income) from the previous quarter.
According to MarketsMOJO, a leading stock analysis platform, the stock call for Ladderup Finance is 'Sell'. However, the company's financial performance for the quarter has shown some positive trends. The score has improved from 1 to 3 in the last 3 months, indicating a flat financial performance.
The company's profit before tax (PBT) less other income for the quarter was the highest in the last five quarters, with a positive trend in each quarter. The operating profit (PBDIT) for the quarter was also the highest in the last five quarters, with a positive trend in the near term.
Overall, Ladderup Finance has shown some positive trends in its financial performance for the quarter ended September 2023. However, investors should consider the stock call by MarketsMOJO and do their own research before making any investment decisions.
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