Premco Global's Q1 Financial Results Show Promising Growth and Improved Scores
Premco Global, a microcap textile company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.According to the financial report, Premco Global's performance for the quarter has remained flat. However, there has been a significant improvement in the company's score, which has increased from -5 to 3 in the last three months.
One of the key factors contributing to this improvement is the growth in Profit Before Tax less Other Income (PBT) for the quarter. At Rs 2.84 crore, PBT has shown a 44.0% increase compared to the average PBT of the previous four quarters, which was Rs 1.97 crore. This indicates a very positive trend in the near term for PBT.
Another positive aspect of Premco Global's financials is its net sales for the quarter, which have been the highest in the last five quarters at Rs 27.40 crore. This also reflects a positive trend in the near term for sales.
Overall, Premco Global's financial results for the quarter ending March 2024 show promising signs for the company's future performance. With a 'Hold' call from MarketsMOJO, investors may want to keep an eye on this microcap textile company.
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