LWS Knitwear ‘s Q1 Financial results: Revenue Grows by 165.97% YoY

The comprehensive analytics outlining the performance and outlook of LWS Knitwear 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 LWS Knitwear Ltd’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 165.97 %. However, it did see a marginal slip of -49.58 % from the previous quarter. Expenses decreased slightly by -48.71 % quarter-on-quarter, aligning with the annual rise of 167.26 %. Operating profit, while up 135.48 % compared to last year, faced a quarter-on-quarter dip of -63.86 %, 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 -0.54 %, but a shrinkage of -1.66 % sequentially. Interest expenses dropped significantly by -6.45 % from the previous quarter, yet the year-over-year increase remains at a moderate 20.83 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 740 % but saw a reduction from the preceding quarter by -75.15 %.
Tax expenses as a percentage of profits increased slightly by 11.41 % compared to last year, with a more notable quarter-on-quarter decrease of -4.01 %. Net profit rose by 540 % year-on-year but witnessed a -73.55 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 481.82 % but a quarterly fall of -73.33 %. In summary, LWS Knitwear Ltd’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing LWS Knitwear Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 165.97 % year-on-year growth, although there was a slight dip of -49.58 % from the previous quarter. Expenses rose by 167.26 % compared to the previous year, with a decrease of -48.71 % quarter-on-quarter. Operating Profit surged by 135.48 % annually, and saw a -63.86 % decrease from the last quarter.
Net Profit showed yearly increase of 540 %, and experienced a -73.55 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 481.82 % annually, however dipped by -73.33 % compared to the last quarter. In essence, while LWS Knitwear Ltd 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.