ELITECON INTERNATIONAL ‘s Q1 Report: Revenue Rises by 7041.32% YoY

The comprehensive analytics outlining the performance and outlook of ELITECON INTERNATIONAL 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 ELITECON INTERNATIONAL 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 7041.32 %. However, it did see a marginal increase of 11.39 % from the previous quarter. Expenses ticked up slightly by 18.98 % quarter-on-quarter, aligning with the annual rise of 3683.05 %. Operating profit, while up 360.32 % compared to last year, faced a quarter-on-quarter dip of -29.41 %, 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 -254.78 %, but a shrinkage of -5.74 % sequentially. Interest expenses dropped significantly by -95.24 % from the previous quarter, yet the year-over-year increase remains at a moderate 0 %. Depreciation costs climbed by 200 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -31.82 %. Profit before tax grew annually by 273.15 % but saw a reduction from the preceding quarter by -28.57 %.
Tax expenses as a percentage of profits increased slightly by 2.83 % compared to last year, with a more notable quarter-on-quarter increase of 0.64 %. Net profit rose by 278.74 % year-on-year but witnessed a -27.94 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 278.61 % but a quarterly fall of -28.01 %. In summary, ELITECON INTERNATIONAL LIMITED’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing ELITECON INTERNATIONAL LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 7041.32 % year-on-year growth, however, there was a minor increase of 11.39 % from the previous quarter. Expenses rose by 3683.05 % compared to the previous year, with a 18.98 % increase quarter-on-quarter. Operating Profit surged by 360.32 % annually, and saw a -29.41 % decrease from the last quarter.
Net Profit showed yearly increase of 278.74 %, and experienced a -27.94 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 278.61 % annually, however dipped by -28.01 % compared to the last quarter. In essence, while ELITECON INTERNATIONAL 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.