Wires & Fabriks (S.A) Reports Negative Performance in Q1 FY25

Wires & Fabriks (S.A), a microcap trading company, has recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financial report, Wires & Fabriks has seen a negative performance in the quarter, with a score of -7, which has improved from -14 in the last 3 months. This indicates that the company’s financial health has deteriorated.

One of the major factors contributing to this decline is the decrease in net sales, which have fallen by -6.3% compared to the average of the previous four quarters. This trend is expected to continue in the near term.

The company’s operating profit (PBDIT) for the quarter is also at its lowest in the last five quarters, indicating a negative trend in the near term. The operating profit margin has also decreased, showing a decline in the company’s efficiency.

Another concerning aspect is the high non-operating income, which is 481.82% of the profit before tax (PBT). This suggests that the company’s income from non-business activities is high, which may not be a sustainable business model.

The earnings per share (EPS) for the quarter are also at their lowest in the last five quarters, indicating a decline in profitability. The company has also distributed a lower dividend per share (DPS) compared to the previous years, and the dividend payout ratio (DPR) is also at its lowest in the last five years.

Overall, the financial results for the quarter ending March 2024 show a negative trend for Wires & Fabriks (S.A). Investors are advised to carefully consider these factors before making any investment decisions.