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Zantat just released its Q1 report. The company posted strong revenue growth, but still ended up in a loss because of higher freight and logistics costs, as well as increased advertising and marketing expenses
Small improvement in the bottom line is definitely a better sign than bleeding out cash continuously. Still need to watch if they can actually turn a profit instead of just slowing down the losses.
That India pivot is actually quite solid because the demand for calcium carbonate there is growing like crazy. If they play their cards right with this expansion, the margins could really surprise everyone in the next few quarters
That counter currently looks quite stuck in a consolidation phase so you need to watch if the volume can sustain a breakout above the immediate resistance. If the sentiment remains weak then catching it at 20 sen is still a long shot unless some major news kicks in.
