JETCON Year-end Profit plunges

• For the year ended December 2019, net profit at Blue Power dipped 34.4% (or $31.58Mn) down to $60.30Mn (EPS: $0.10).
• An 11.7% (or $135.55Mn) fall-off in revenues, coupled with a 7.3% (or $5.22Mn) increase in total expenses were the main factors which contributed to the decline in profit.
• The stock price has fallen 24.9% since the start of the calendar year and closed at $1.27 on Monday. At this price the stock currently trades at a P/E of 12.7x earnings which is below the Junior Market Distribution Sector Average of 19.7x

(Source: JETCON Financials)