Company’s Stock Prices Rise by Over 5%
In the past year, the company’s stocks have increased by over 5%, showing a positive trend in the market. This growth is a result of strong performance and increased investor confidence in the company’s future prospects.
EMKA Cable Manufacturer Reports Sales Growth
EMKA AD, a cable manufacturer, has reported a sales growth of nearly 13% for the first half of 2024 compared to the same period in 2023. Despite a moderate increase in expenses, the company’s profits have also grown by 3% for the reporting period, according to the company’s financial report published on x3news.com.
Company’s Sales Increase by Nearly 13%
The company’s sales have increased by nearly 13% by the end of June 2024, reaching 81.9 million leva from 72.7 million leva the previous year, as reported in the financial statement. This growth reflects the company’s strong market position and successful sales strategies.
Financial Report for the First Half of 2024
The company’s revenue increased by nearly 13% to 80.4 million leva from 71.5 million leva.
Expenses Overview
The total expenses for the first half of 2024 increased by 13.6% to 75.8 million leva from 66.7 million leva in the first half of 2023.
Material costs saw a growth of 14.4% for the reporting period on an annual basis, reaching 66.8 million leva from 58.4 million leva.
Personnel expenses increased by 2% to 4.406 million leva from 4.325 million leva.
Profit Increase
The company’s profit for the first half of the year increased by 3% to 6.25 million leva from 6.05 million leva in the same period last year.
The company realized a negative net cash flow of o
Financial Overview of Company X
Company X reported a decrease in operating activities of 10.3 million leva, with a negative net cash flow of 849 thousand leva compared to the previous year. The net cash flow from investment and financing activities was zero.
Cash Flow and Receivables
By the end of June 2024, Company X had reduced its cash reserves to just under 15.2 million leva, a decrease of over 40% from the beginning of the year. On an annual basis, the decrease was 14% from 17.7 million leva.
Additionally, the company significantly increased its receivables on the balance sheet, more than doubling on an annual basis to a total of 29.8 million leva from 13.4 million leva. Of these, receivables from customers and suppliers accounted for 25.2 million leva.
Positive Growth for EMKA Company
EMKA company has seen a slight increase in its financial results, with profits reaching over 11.5 million leva compared to the previous year. Material reserves have also increased, reaching almost 12.9 million leva from over 11.7 million leva.
Over the past year, EMKA company’s shares have increased by over 5%, and the market capitalization of the company has reached almost 86.8 million leva.
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