Salada Reports Unfavourable 2019 Results

• Salada Foods Limited (SALF) audited financials for September 2019 showed a 35.5% (or $77.81Mn) year on year decline in the net profit, moving from $219.18Mn (EPS: $2.12) to $141.36Mn (EPS: $1.37).
• A 17.2% (or $110.55Mn) increase in the cost of goods sold along with a 63.3% (or $53.82Mn) expansion in administrative expenses and a 39.1% (or $17.55Mn) growth in selling and promotional expenses were the main contributing factors to the unfavourable performance.
• The stock price has fallen 10.0% since the start of the calendar year closed at $31.50 on Monday.  At this price SALF currently trades at a P/E of 23.0x earnings which is above the Main Market Manufacturing and Distribution Sector average of 22.2x

(Source: Salada Foods Financials)