Dolphin Cove Reports Dip in Profit

• Dolphin Cove reported a 28.0% year-on-year decline in net profit to USD$2.12Mn (EPS: $0.54) for the nine-month period ended in September 2019. 
• Revenues increased marginally by 0.1% (or USD$16.89K) while direct expenses were up 21.0% (or USD$218.96K) over the period.  The performance was also affected by a US$508.82K increase in selling, administrative and other operational expenses , and higher corporate taxes.  
• The stock has declined 33.94% YTD and closed yesterday’s trading session at $10.90 per share. At this price, the stock trades at a P/E of 21.0x which is below the Junior Market average of 26.1x. 

 (Source: DCove Financials)