We have been engaged as Agape ATP Corporation (“ATPC”)’s independent auditor since 2019 and participated its whole uplisting process. Today we witnessed the opening market bell ring ceremony of the Company, welcome to be part of Nasdaq. Marcum Asia CPAs LLP
Congratulating Team Morepen for Excellent Q1'FY24 results approved by the Board on Saturday, 5th Aug, 2023.
Quick Highlights:
Revenue up 33% and PBT up 147% for the quarter on y-o-y basis.
Business is on growth path once again, last year there was contraction of 22% in Q1FY'23 revenues.
Quarterly revenues of Rs. 403 Cr. from Rs. 303 Cr Q1'FY23 revenues, up 33% on y-o-y basis on account of:
- 135% jump in Exports to US market with new orders post US FDA approval of Fexofinadine (Allegra).
- 48% jump in Medical Devices business with buoyant demand.
Long term revenue growth is outstanding with CAGR of 19% over last 4 years despite ups and downs of Covid period.
There is a visible increase in the overall EBITDA by 196bps and PBT moved up 234 bps and PAT goes up by 177bps.
Profit before Tax at Rs. 20.51 crores has substantially improved over corresponding quarter last year with growth of 147%.
Company has increased its marketing and distribution budgets for deeper market penetration and brand recall and getting better share of the market in medical devices business.
Short Video Summary:
https://lnkd.in/dPSGM9cf#morepen#api#medicaldevices#drmorepen#pharma#ebitda#eps#q1fy24#excellent#performance#cagr
From today, US investors can trade Gram Car Carriers on OTCQX® Best Market in New York.
This is an important step in providing transparent trading for Gram Car Carrier’s existing and potential future U.S.-based investors.
Our CEO Georg A. Whist, comments: “We join the OTCQX Market with a clear ambition of generating increased recognition and engagement with a wider base of US investors. Through our fleet of owned and operated car carriers on long-term contracts, we have good earnings visibility and are positioned to deliver attractive dividends to our shareholders. We are confident that cross-trading on OTCQX will create additional long-term value through a broader US investor base and higher trading volumes in our shares,”
To qualify on OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
For the full press release: https://lnkd.in/dzEY62sS#OTCQX#carshipping, #shippingindustry#maritimeindustry#shipowners#USinvestors, #oslobørs, #gcc, #dividendyield
Are we in the age of the LATCo?
As councils nationwide grapple with rising costs and service demands, the spotlight shifts to Local Authority Trading Companies (LATCos). Offering control, efficiency, and revenue streams, LATCos present a solution amid financial uncertainties.
Read more: https://ow.ly/eahz50QZu4f
Thinking of exploring a new industry in 2024? Have you considered the financial industry?
let's talk today about the steps you can take to get licensed in multiple areas within the financial industry! #NewYear#NewLicense#NewOpportunities
Please help us congratulate this group of Primerica representatives for passing a securities license exam in November! Primerica appreciates your commitment to assisting your community, and we’re excited to celebrate this significant milestone alongside you. #PFSIProud