Unrealised Losses wipe out Profits at Mayberry Investment Limited

• Mayberry Investment Limited (MIL) reported a net loss attributable to shareholders of $962.01Mn (EPS: -$0.80) for the six months ending June 30, 2020, which represents an almost nine-fold decline from the $107.03Mn (EPS: $0.09) profit reported for the corresponding period in 2019.
• Unrealised losses on investment revaluation of $1.19Bn were the primary contributing factor to the sharp decline in the company’s bottom line.
• The stock has declined 34.6% since the start of the year, and closed trading at $5.89 on Thursday July 23,2020. The stock currently trades at a P/B of 0.75x which is below the Main Market Financial sector average of 1.78x.

(Source: MIL Financials)