Blue Power Limited Reports Uptick in Net Profit

• For the nine months ended January 31, 2019, Blue Power Group Limited reported a net profit of $136Mn (EPS: $0.21), which represented a 51% increase on the $90Mn (EPS: $0.14) reported for the corresponding period of 2018.

 

• The performance over the period was supported by a 10% increase in revenue. There was also significant appreciation in the JMD/USD exchange rate during the last quarter of 2018, which contributed to a decrease in the company’s input costs. This was reflected in the company’s gross margin which improved 127bps from 21.99% to 23.26% over the period.

 

• Blue Power’s stock price has fallen by 2.18% since the start of the calendar year. The stock closed the trading day at $4.93 and currently trades at a P/E of 19.64x earnings which is above the Junior Market Manufacturing sector average of 19.44x earnings.

 

(Source: Blue Power Group Limited Financials)