This article has done a good job capturing Filatex’s Q2FY23 results, earnings call highlights and some of the insights you won’t find anywhere else.
The company’s Cost of goods sold increased by 34.7% YoY and other expenses increased by 24.77% YoY, which were the biggest contributors to the margin compression and decline in profitability. Production during the quarter increased by 13.72% to 97169 MT and sales increased by 22.18% to 101488 MT. While the selling price per MT decreased by 1.32% during the quarter, the COGS per MT increased by 10.25%.
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