Wisynco’s Bottom-Line Increases Due to Strong Revenue Growth

• For the first half of the financial year ending December 2019, Wisynco reported a net profit of $1.76Bn (EPS: $0.47), which represents a 13.8% (or $213.24Mn) increase over the $1.54Bn (EPS: $0.41) earned over the same period in the prior year.
• The outturn was primarily due to a 28.2% (or $3.76Bn) expansion of revenue to $17.10Bn, which management attributes to growth in all major product categories.
• Wisynco’s stock price has declined by 3.09% since the start of the year and currently trades at a P/E of 26.9x earnings which is above the main market manufacturing and distribution sector average of 18.2x earnings.

(Source: Wisynco’s Financials)