Blue Power Reports Reduction in Profit

• For the six-month period ended October 2019, net profit at Blue Power dipped 16.0% (or $13.90Mn) down to $72.88Mn (EPS: $0.13).
• A 14.4% (or $38.97Mn) fall-off in revenues, coupled with a 14.9% (or $6.87Mn) increase in administrative and other expenses were the main factors that contributed to the decline in profit.
• The stock price has risen 37.0% since the start of the calendar year and closed at $6.91 on Tuesday, and currently trades at a P/E of 4x earnings which is above the Junior Market Manufacturing Sector average of 30.4x.

(Source: Blue Power Group Financials)