Jamaica Broilers Reports Improved Year-End Profit
- Jamaica Broilers reported audited net profits of $2.37Bn (EPS: $2.30) for the year ended April 2019, representing a 17.2% increase over the $2.03Bn (EPS: $1.64) recorded at the end of the previous financial year.
- An increase in revenues (14.0%), other income (195.8%) and finance income which grew by $366.34Mn, were the main contributors to the improved bottom line.
- The stock has risen 10.5% since the start of the calendar year, closing at $32.17 at the end of yesterday’s trading session. At this price, the stock is currently trading at a P/E of 13.99x earnings which is below the Main Market Distribution & Manufacturing average of 19.90x.
(Source: Jamaica Broilers Financials)