Fontana’s Profit Climbs

• In the latest release of results from Fontana Limited, the company reported a 21.8% increase in unaudited net profit for the six-month period ending December 2019. The net profit rose from $213.04Mn (EPS: $0.17) at the end of December 2018 to $174.90Mn (EPS: $0.15) at the end of the current period. .
• The main factors contributing to the improvement in the bottom line were revenues, which moved up 21.0% ($401.95Mn) coupled with an increase in other income of 66.4% ($11.01Mn).
• The stock has declined 4.4% the start of the calendar year and closed at $6.71 on Monday. At this price, the stock currently trades at a P/E of 24.0x earnings which is above the Junior Market Distribution Sector average of 21.9x.

(Source: Fontana’s Financials