Fontana Limited Reports Marginal Improvement in Profit.

  • For the six-month period ending December 31, 2018, Fontana Limited reported a un-audited net profit of $174Mn (EPS: $5.81), representing a 3% increase relative to the $169Mn (EPS: $5.63) reported one year prior.

 

  • This performance is attributable, in part, to a 7.2% improvement in revenues over the period. However, this revenue was partially offset by a 9.6% increase in operating expenses due mainly to expenses for the strengthening of the management team and infrastructure in preparation for the company’s medium to long term growth. New positions were also added in Marketing, Brand, Beauty, Inventory and Pharmacy operations.

 

  • Fontana closed yesterday’s trading session at a price of $3.85, representing 105% increase in its value since being listed on the Junior Market on January 8, 2019. At this price, Fontana is trading at a P/E of 11.81x earnings which is below the Junior Market average of 34.09x.

 

(Source: Fontana Limited Financials)