GraceKennedy Limited Reports Uptick in Net Profit.

• For the year ended December 31, 2019, GraceKennedy Limited reported an uptick in audited net profit of $5.64Bn (EPS: $5.05), which represented an 18.2% increase on the $4.77Bn (EPS: $4.14) reported for the corresponding period of 2018.

 

• The performance over the period was supported by a 6% increase in overall revenue. There was also an improvement in the company’s profit before tax margin which improved 153bps from 5.6% to 7.13% over the period.

 

• GraceKennedy’s stock price has fallen by 3.34% since the start of the calendar year. The stock closed yesterday’s trading at $61.38 and currently trades at a P/E of 12.15x earnings which is below the Main Market Distribution & Manufacturing sector average of 18.22x earnings.

 

(Source: GraceKennedy Limited Financials)