Simplex Papers Announces Positive Financial Results for Q1 2024

May 17 2024 03:15 PM IST
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Simplex Papers, a microcap trading company, has announced its financial results for the quarter ending March 2024. Despite a flat performance, the company's overall score has improved from 1 to 3 in the last three months. Operating profit, profit before tax, and profit after tax are all at their highest in the last five quarters, indicating a positive trend in the near term. This is not a recommendation for investors, but rather fact-based information.
Simplex Papers, a microcap trading company, has recently announced its financial results for the quarter ending March 2024. The results, declared on May 17, 2024, have received a 'Strong Sell' call from MarketsMOJO.

Despite a flat performance in the quarter, Simplex Papers has shown improvement in its overall score, which has increased from 1 to 3 in the last three months. This indicates that the company's financials are moving in a positive direction.

One of the key highlights of the financial results is the operating profit (PBDIT) for the quarter, which stands at the highest in the last five quarters at Rs -0.04 crore. This shows a positive trend in the near term for the company's operating profit.

Similarly, the profit before tax less other income (PBT) for the quarter is also at its highest in the last five quarters at Rs -0.04 crore, indicating a positive trend in the near term for PBT.

The profit after tax (PAT) for the quarter is also at its highest in the last five quarters at Rs -0.03 crore, showing a positive trend in the near term for PAT.

Overall, Simplex Papers has shown a positive trend in its financial performance for the quarter ending March 2024. However, it is important to note that this is not a recommendation for investors and should be considered as fact-based information.
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