Olympia Industries ‘s Q1 Update: Profit Grows by 61.11% YoY

The comprehensive analytics outlining the performance and outlook of Olympia Industries Ltd.‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Olympia Industries Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 102.71 %. However, it did see a marginal increase of 41.2 % from the previous quarter. Expenses ticked up slightly by 42.23 % quarter-on-quarter, aligning with the annual rise of 106.58 %. Operating profit, while up 14.74 % compared to last year, faced a quarter-on-quarter increase of 9.15 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.83 %, but a shrinkage of -0.7 % sequentially. Other income fell by -26.67 % compared to the last quarter, despite an annual growth of 31.52 %. Interest expenses surged remarkably by 13.39 % from the previous quarter, yet the year-over-year increase remains at a moderate 14.41 %. Depreciation costs fell by -24.14 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -21.43 %. Profit before tax grew annually by 61.54 % but saw an increase from the preceding quarter by 5 %.
Tax expenses as a percentage of profits increased slightly by 1.85 % compared to last year, with a more notable quarter-on-quarter decrease of -20.19 %. Net profit rose by 61.11 % year-on-year but experienced a 45 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 58.06 % but a quarterly rise of 48.48 %. In summary, Olympia Industries Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Olympia Industries Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 102.71 % year-on-year growth, however, there was a minor increase of 41.2 % from the previous quarter. Expenses rose by 106.58 % compared to the previous year, with a 42.23 % increase quarter-on-quarter. Operating Profit surged by 14.74 % annually, and saw a 9.15 % increase from the last quarter.
Net Profit showed yearly increase of 61.11 %, and experienced a 45 % increase from the previous quarter. Earnings Per Share (EPS) rose by 58.06 % annually, however rose by 48.48 % compared to the last quarter. In essence, while Olympia Industries Ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.