Smc Global Securities : Q1 2024 Financial Quarterly Report : YoY Sales Up 43.09 %, QoQ Down 12.1 %

The comprehensive analytics outlining the performance and outlook of Smc Global Securities 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 Smc Global Securities 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 43.09 %. However, it did see a marginal slip of -12.1 % from the previous quarter. Expenses decreased slightly by -12.96 % quarter-on-quarter, aligning with the annual rise of 37.69 %. Operating profit, while up 59.2 % compared to last year, faced a quarter-on-quarter dip of -9.82 %, 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 2.83 %, but an expansion of 0.71 % sequentially. Other income rose by 189.29 % compared to the last quarter, despite an annual growth of 181.42 %. Interest expenses surged remarkably by 8.82 % from the previous quarter, yet the year-over-year increase remains at a moderate 53.78 %. Depreciation costs climbed by 0.65 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 18.02 %. Profit before tax grew annually by 72.99 % but saw a reduction from the preceding quarter by -19.02 %.
Tax expenses as a percentage of profits decreased slightly by -1.63 % compared to last year, with a more notable quarter-on-quarter increase of 0.56 %. Net profit rose by 76.73 % year-on-year but witnessed a -19.61 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 75.69 % but a quarterly fall of -19.68 %. In summary, Smc Global Securities Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Smc Global Securities Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 43.09 % year-on-year growth, although there was a slight dip of -12.1 % from the previous quarter. Expenses rose by 37.69 % compared to the previous year, with a decrease of -12.96 % quarter-on-quarter. Operating Profit surged by 59.2 % annually, and saw a -9.82 % decrease from the last quarter.
Net Profit showed yearly increase of 76.73 %, and experienced a -19.61 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 75.69 % annually, however dipped by -19.68 % compared to the last quarter. In essence, while Smc Global Securities 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.