JBG Profit Almost Flat

• Net profit at Jamaica Broilers inched up 3.5% for the six-month period ended October 31, 2019, to $666.72Mn (EPS: 66.67¢) from $644.26Mn (EPS: 61.21¢) in the corresponding period of 2018.
• Contributing to the modest increase in the bottom line was an increase in revenues ($551.47Mn or 2.1%) and a $150.76Mn rise in exchange differences due to the translation of foreign operation.
• The stock has risen 30.2% since the start of the calendar year. Jamaica Broilers Group closed Thursday’s trading session at $37.91 and currently trades at a P/E of 15.4x earnings which is below the Main Market Distribution and Manufacturing Sector average of 21.3x.

(Source: Jamaica Broilers Financials)