Selan Exploration Technology : Q1 2024 Financial Quarterly Report : YoY Sales Up 125.68 %, QoQ Up 15.97 %

The comprehensive analytics outlining the performance and outlook of Selan Exploration Technology 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 Selan Exploration Technology 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 125.68 %. However, it did see a marginal increase of 15.97 % from the previous quarter. Expenses decreased slightly by -22.59 % quarter-on-quarter, aligning with the annual rise of 30.64 %. Operating profit, while up 567.27 % compared to last year, faced a quarter-on-quarter increase of 112.06 %, 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 34.65 %, but an expansion of 23.72 % sequentially. Other income fell by -6.91 % compared to the last quarter, despite an annual decline of -32.84 %. Interest expenses dropped significantly by -10 % from the previous quarter, yet the year-over-year increase remains at a moderate 0 %. Depreciation costs climbed by 1256.79 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1492.75 %. Profit before tax grew annually by 221.16 % but saw an increase from the preceding quarter by 41.93 %.
Tax expenses as a percentage of profits decreased slightly by -8.2 % compared to last year, with a more notable quarter-on-quarter decrease of -3.29 %. Net profit rose by 260.91 % year-on-year but experienced a 48.49 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 259.82 % but a quarterly rise of 48.69 %. In summary, Selan Exploration Technology Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Selan Exploration Technology Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 125.68 % year-on-year growth, however, there was a minor increase of 15.97 % from the previous quarter. Expenses rose by 30.64 % compared to the previous year, with a decrease of -22.59 % quarter-on-quarter. Operating Profit surged by 567.27 % annually, and saw a 112.06 % increase from the last quarter.
Net Profit showed yearly increase of 260.91 %, and experienced a 48.49 % increase from the previous quarter. Earnings Per Share (EPS) rose by 259.82 % annually, however rose by 48.69 % compared to the last quarter. In essence, while Selan Exploration Technology 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.