Knutsford Reports 23.1% Increase In Profit

• Knutsford Express reported a net profit of $157.93Mn (EPS: $0.32) for the nine months ended February 28, 2019, which translates to a 23.1% increase over the $128.31Mn (EPS: $0.26) earned in the prior year.
• This came on the back of revenues that amounted to $841.92Mn which represents a 45.9% increase over the $577.13Mn generated in 2018. The growth was attributed to increased patronage of overseas visitors traveling between its various destinations, in particular to and from Negril where the number of departures doubled in the quarter.
• The stock has declined by -5.46% YTD and currently trades at a P/E of 29.26x earnings which is above the junior market average of 20.91x earnings.

 (Source: KEX Financials)