Forbes & Company announced Financial Results Q1 2024-25

The comprehensive analytics outlining the performance and outlook of Forbes & Company 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 Forbes & Company Ltd’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -66.48 %. However, it did see a marginal slip of -58.9 % from the previous quarter. Expenses decreased slightly by -62.91 % quarter-on-quarter, aligning with the annual decline of -68.02 %. Operating profit, while down -51.22 % compared to last year, faced a quarter-on-quarter increase of 36.86 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 4.18 %, but an expansion of 9.36 % sequentially. Other income rose by 324.27 % compared to the last quarter, despite an annual decline of -88.6 %. Interest expenses dropped significantly by -71.25 % from the previous quarter, yet the year-over-year decrease remains at a moderate -88.14 %. Depreciation costs fell by -11.63 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -93.23 %. Profit before tax declined annually by -71.21 % but saw an increase from the preceding quarter by 423.39 %.
Tax expenses as a percentage of profits decreased slightly by -11.07 % compared to last year, with a more notable quarter-on-quarter decrease of -41.37 %. Net profit fell by -66.73 % year-on-year but experienced a 55.75 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -66.69 % but a quarterly rise of 56.02 %. In summary, Forbes & Company Ltd’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Forbes & Company Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -66.48 % year-on-year, although there was a slight dip of -58.9 % from the previous quarter. Expenses decreased by -68.02 % compared to the previous year, with a decrease of -62.91 % quarter-on-quarter. Operating Profit dropped by -51.22 % annually, and saw a 36.86 % increase from the last quarter.
Net Profit showed yearly decrease of -66.73 %, and experienced a 55.75 % increase from the previous quarter. Earnings Per Share (EPS) fell by -66.69 % annually, however rose by 56.02 % compared to the last quarter. In essence, while Forbes & Company 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.