Slight Improvement in Profit at Main Event

• For the year ended October 2019, Main Events Entertainment Group reported profit of $97.34Mn (EPS: $0.33) which represents a marginal 2.8% improvement over the $94.66Mn reported in the prior year.
• A 28.8% (or $402.19Mn) increase in revenues together with a $7.76Mn increase in other operating income were the primary drivers for the improvement in performance. However, this was partially offset by a 27.6% (or $115.28Mn) increase in admin expenses.
• The stock has declined 10.9% since the start of the year, and closed at $6.21 at the end of Monday’s trading session.  At this price the stock currently trades at a P/E of 18.8x earnings which is below the Junior Market average of 25.2x.

(Source: MEEG Financials