Picturehouse Media Reports Decline in Q3 Profits
Picturehouse Media, a microcap company in the films and entertainment industry, reported a decline in net sales, consolidated net profit, and operating profit for the quarter ended September 2023. However, the company's profit after tax for the nine-month period showed a positive trend. The operating profit margin also decreased, indicating a decline in efficiency. Investors should carefully evaluate these factors before investing.
Picturehouse Media, a microcap company in the films and entertainment industry, recently announced its financial results for the quarter ended September 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.In the quarter ended September 2023, Picturehouse saw a decline in its net sales by 93.33% compared to the previous quarter. The consolidated net profit also decreased by 300.00% in the same period. The operating profit (PBDIT) excluding other income also saw a decline of 500.00%. The interest expenses also decreased by 100.00% in the quarter.
The operating profit margin (excluding other income) has fallen from the previous quarter. However, the company's profit after tax (PAT) for the nine-month period has shown a positive trend, growing by 113.07% year on year. The PAT for the nine-month period is also higher than the preceding 12-month period, indicating a strong performance.
On the other hand, the operating profit margin for the quarter was the lowest in the last five quarters, showing a decline in the company's efficiency.
Overall, Picturehouse's financial performance for the quarter ended September 2023 has been flat. The company's score has also fallen from 7 to 4 in the last three months. Investors should carefully consider these factors before making any investment decisions.
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