Salada Achieves Whopping Increase In Profits in 2018

• Salada Foods earned a profit of $219.67Mn (EPS: $2.12) for the financial year ended September 2018, which represents a 215% increase over the $69.63Mn (EPS: $0.67) recorded in 2017.

 

• This was driven by increases in sales (19%), finance income (127%) and a 43% decline in administrative expenses.

 

• Salada Foods stock price appreciated by 202% in 2018 and has grown by 11% since the start of 2019. The stock currently trades at a P/E of 16.51x earnings which is below the main market manufacturing average of 17.14x earnings.

 

(Source: Salada’s Financials, NCBCM Research)