Superhouse Ltd's Financial Report Shows Decline in Q1 Performance

Superhouse Ltd, a microcap leather company, has recently announced its financial results for the quarter ended March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Superhouse Ltd has seen a negative performance in the quarter, with a score of -12, which has improved from -23 in the last 3 months. This indicates a decline in the company's financial health.

One of the major factors contributing to this decline is the Profit Before Tax (PBT) which has fallen by 113.5% compared to the average PBT of the previous four quarters. This is a concerning trend for the company in the near term.

The Profit After Tax (PAT) for the half-yearly period has also shown a negative growth of 62.73% year on year. This further highlights the company's struggle in maintaining its profitability.

Another concerning aspect is the Non-Operating Income, which is 112.35% of the PBT. This means that the company's income from non-business activities is high, which is not a sustainable business model.

Overall, the financial results for the quarter ended March 2024 for Superhouse Ltd have not been positive. Investors are advised to exercise caution and consider the 'Strong Sell' rating given by MarketsMOJO before making any investment decisions.