FosRich reports solid Year-End Profits owing to Strong Revenue Growth

• For the year ended December 2019, FosRich reported a 9.2% increase in audited net income relative to the corresponding period in 2018. Net Profits rose from $90.39Mn (EPS:18¢) in 2018 to $98.87Mn (EPS: 20¢) in 2019.
• This favourable result was largely due to a 24.1% (or $323.43Mn) increase in total revenue, which surpassed the 34.7% (or $169.97Mn) increase in total expenses.
• The company’s stock price has fallen 42.0% since the start of the year, closing Wednesday’s trading session at $2.42. At this price, the stock currently trades at a P/E of 12.1x which below the Junior Market Distribution Sector Average of 28.3x.

(Source: FosRich’s Financials)