Strong Revenue Growth Boost Eppley’s Bottom-Line

• For the year ended December 31, 2019, Eppley Ltd. reported a 35.7% (or $43.04Mn) increase in net profit to $163.52Mn (EPS: $0.85) from $120.48Mn (EPS: $0.63) made in the prior year.
• This favourable movement was primarily driven by a 2.8% ($4.18Mn) increase in net interest income and a 72.1% (or $67.72Mn) increase in other operating income, outstripping the 18.9% (or $26.02Mn) increase in admin expenses.
• The company’s stock price has risen 20.6% since the beginning of the year to end Tuesday’s trading session at $17.00. The stock currently trades at a P/E of 20.0x earnings, which is above the Main Market Financial Sector Average of 14.6x earnings.

 (Source: Eppley Financials)