Bridgetown Holdings Ltd. (Hong Kong) Shows Resilience in Net Sales Despite Decline in Profits

Despite a challenging quarter, Bridgetown Holdings Ltd. (Hong Kong) has shown resilience in its net sales, with a growth of 53.14% year on year. The company has also generated higher cash revenues from its business operations, with the highest operating cash flow in the last three years.

However, the company has faced a decline in pre-tax profit and net profit, with a significant decrease of -3,231.27% and -3,224.1% year on year respectively. This trend is expected to continue in the near term.

One concerning factor is the rising interest cost, which has increased by inf% quarter on quarter. This signifies increased borrowings by the company. Additionally, the company's ability to pass on the cost of raw materials to customers has deteriorated, with a growth of 37.71% year on year in raw material cost.

In light of these financial results, Infinhub has given a 'Sell' call for Bridgetown Holdings Ltd. (Hong Kong) stock. Investors are advised to carefully consider these factors before making any investment decisions.