SIZEMASTERS TECHNOLOGY announces Q1 Report: Revenue Dropped by 14.84% YoY

The comprehensive analytics outlining the performance and outlook of SIZEMASTERS 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 SIZEMASTERS TECHNOLOGY LIMITED’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -14.84 %. However, it did see a marginal slip of -15.58 % from the previous quarter. Expenses decreased slightly by -17.61 % quarter-on-quarter, aligning with the annual decline of -28.74 %. Operating profit, while up 587.5 % compared to last year, faced a quarter-on-quarter dip of -5.17 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 15.9 %, but an expansion of 1.99 % sequentially. Other income rose by 15.79 % compared to the last quarter, despite an annual growth of 352.94 %. Interest expenses dropped significantly by -66.67 % from the previous quarter, Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 100 %. Profit before tax grew annually by 570 % but saw an increase from the preceding quarter by 1.52 %.
Tax expenses as a percentage of profits decreased slightly by -123.63 % compared to last year, with a more notable quarter-on-quarter decrease of -0.39 %. Net profit rose by 1120 % year-on-year but experienced a 4.08 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 355 % but a quarterly rise of 4.08 %. In summary, SIZEMASTERS TECHNOLOGY LIMITED’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing SIZEMASTERS TECHNOLOGY LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -14.84 % year-on-year, although there was a slight dip of -15.58 % from the previous quarter. Expenses decreased by -28.74 % compared to the previous year, with a decrease of -17.61 % quarter-on-quarter. Operating Profit surged by 587.5 % annually, and saw a -5.17 % decrease from the last quarter.
Net Profit showed yearly increase of 1120 %, and experienced a 4.08 % increase from the previous quarter. Earnings Per Share (EPS) rose by 355 % annually, however rose by 4.08 % compared to the last quarter. In essence, while SIZEMASTERS 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.