Allsec Technologies : Q1 2024 Financial Quarterly Report : YoY Sales Up 20.29 %, QoQ Down 0.3 %

The comprehensive analytics outlining the performance and outlook of Allsec Technologies 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 Allsec Technologies 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 20.29 %. However, it did see a marginal slip of -0.3 % from the previous quarter. Expenses ticked up slightly by 4.03 % quarter-on-quarter, aligning with the annual rise of 18.44 %. Operating profit, while up 26.54 % compared to last year, faced a quarter-on-quarter dip of -11.92 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.18 %, but a shrinkage of -3.17 % sequentially. Other income rose by 1107.27 % compared to the last quarter, despite an annual growth of 871.71 %. Interest expenses dropped significantly by -27.56 % from the previous quarter, yet the year-over-year increase remains at a moderate 6.98 %. Depreciation costs climbed by 0.61 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 41.29 %. Profit before tax grew annually by 114.28 % but saw an increase from the preceding quarter by 55.53 %.
Tax expenses as a percentage of profits increased slightly by 4.58 % compared to last year, with a more notable quarter-on-quarter increase of 0.72 %. Net profit rose by 102.6 % year-on-year but experienced a 54.12 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 102.61 % but a quarterly rise of 54.19 %. In summary, Allsec Technologies Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Allsec Technologies Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 20.29 % year-on-year growth, although there was a slight dip of -0.3 % from the previous quarter. Expenses rose by 18.44 % compared to the previous year, with a 4.03 % increase quarter-on-quarter. Operating Profit surged by 26.54 % annually, and saw a -11.92 % decrease from the last quarter.
Net Profit showed yearly increase of 102.6 %, and experienced a 54.12 % increase from the previous quarter. Earnings Per Share (EPS) rose by 102.61 % annually, however rose by 54.19 % compared to the last quarter. In essence, while Allsec Technologies 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.