EAST WEST HOLDINGS announces Q1 results: Profit Rises by 3200% YoY

The comprehensive analytics outlining the performance and outlook of EAST WEST HOLDINGS 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 EAST WEST HOLDINGS 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 69 %. However, it did see a marginal increase of 36.2 % from the previous quarter. Expenses ticked up slightly by 37.45 % quarter-on-quarter, aligning with the annual rise of 70.64 %. Operating profit, while up 39.66 % compared to last year, faced a quarter-on-quarter increase of 13.45 %, 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 -0.91 %, but a shrinkage of -0.87 % sequentially. Other income fell by -99.29 % compared to the last quarter, despite an annual growth of 57.89 %. Interest expenses dropped significantly by -19.82 % from the previous quarter, yet the year-over-year increase remains at a moderate 8.1 %. Depreciation costs fell by -53.57 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 5.41 %. Profit before tax grew annually by 950 % but saw a reduction from the preceding quarter by -86.54 %.
Tax expenses as a percentage of profits decreased slightly by -25.02 % compared to last year, with a more notable quarter-on-quarter increase of 19.49 %. Net profit rose by 3200 % year-on-year but witnessed a -90.14 % contraction from the last quarter. but a quarterly fall of -89.58 %. In summary, EAST WEST HOLDINGS LIMITED’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing EAST WEST HOLDINGS LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 69 % year-on-year growth, however, there was a minor increase of 36.2 % from the previous quarter. Expenses rose by 70.64 % compared to the previous year, with a 37.45 % increase quarter-on-quarter. Operating Profit surged by 39.66 % annually, and saw a 13.45 % increase from the last quarter.
Net Profit showed yearly increase of 3200 %, and experienced a -90.14 % decrease from the previous quarter. however dipped by -89.58 % compared to the last quarter. In essence, while EAST WEST HOLDINGS LIMITED exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.