Wisynco’s Records Strong Growth in Profit

• Wisynco reported an unaudited net profit of $2.2Bn (EPS: $0.60) for the nine-month period ending March 31, 2019, which represents a 28.9% increase relative to the $1.7Bn (EPS: $0.48) reported in 2018. 
• The improvement in performance was partly attributable to a 15.4% increase in revenues, up from $18.1Bn the prior year to $20.8Bn this year. Additionally, there was an increase (+25.3%) in finance income, which finished the period at $63.4Mn.
• The stock has risen 27.51% since the start of the calendar year and closed at $13.95 yesterday. It currently trades at a P/E of 18.85x earnings which is slightly above the Main Market Manufacturing & Distribution sector average of 18.27x.

 (Source: Wisynco Financials)