1834 reports solid improvement in bottom line

• For the nine months ended December 2019, 1834 Investments reported net profit of $13.07Mn (EPS: $0.018), which represents a 78.1% increase from the $59.56Mn loss that was made during the same period one year prior.
• The outturn was due to a 40.3% (or $23.79Mn) increase in total revenues combined with a 32.4% (or $31.27Mn) decline in total expenses resulting from an 11.6% (or $2.46Mn) decline in admin expenses coupled with a 38.3% (or $28.81Mn) decline in other operating expense.
• The stock has declined by 2.8% since the beginning of the calendar year. 1834 Investments closed Wednesday’s trading session at $1.04 and currently trades at a P/E of 27.7x earnings which is above the Main Market Financial average of 17.9x earnings.

(Source: 1834 Financials)