Jamaican Teas’ Profit Steadily Improving

• Jamaican Teas’ profit increased by 28% for the six months ended March 31, 2019. Unaudited profits for the period totaled $116Mn (EPS: $0.15), $26Mn higher than that reported in 2018.
• Cost of sales dipped by 32% which led to an improvement in the gross profit. The gross profit increased by $36Mn to close the period at $191Mn.
• A slight dip in the finance costs (8%) also partly contributed to the increased net profit. 
• The stock has fallen 6% since the start of the calendar year. Jamaica Teas closed trading yesterday at $4.23 and currently trades at a P/E of 13.73x earnings which is below the Junior Market Manufacturing sector average of 26.08x.

(Source: Jamaican Teas Financials)