FIRST FINTEC ‘s Q1 Update: Profit Grows by 64.29% YoY

The comprehensive analytics outlining the performance and outlook of FIRST FINTEC LIMITED‘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 FIRST FINTEC LIMITED’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 3.11 %. However, it did see a marginal slip of -18.44 % from the previous quarter. Expenses ticked up slightly by 23.68 % quarter-on-quarter, aligning with the annual rise of 20.51 %. faced a quarter-on-quarter dip of -163.64 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -17.59 %, but a shrinkage of -40.13 % sequentially. Depreciation costs fell by -86.36 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -90 %. Profit before tax grew annually by 66.67 % but saw an increase from the preceding quarter by 9.09 %.
Tax expenses as a percentage of profits increased slightly by 5.58 % compared to last year, with a more notable quarter-on-quarter decrease of -0.34 %. Net profit rose by 64.29 % year-on-year but experienced a 9.09 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 66.67 % but a quarterly rise of 18.18 %. In summary, FIRST FINTEC LIMITED’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing FIRST FINTEC LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 3.11 % year-on-year growth, although there was a slight dip of -18.44 % from the previous quarter. Expenses rose by 20.51 % compared to the previous year, with a 23.68 % increase quarter-on-quarter. and saw a -163.64 % decrease from the last quarter.
Net Profit showed yearly increase of 64.29 %, and experienced a 9.09 % increase from the previous quarter. Earnings Per Share (EPS) rose by 66.67 % annually, however rose by 18.18 % compared to the last quarter. In essence, while FIRST FINTEC LIMITED 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.