Seprod’s Reports Contraction In Bottom Line Due to Closure of Sugar Operation

• For the year ended December 31, 2019, Seprod Limited reported audited net profits of $973.33Mn (EPS: $2.33), which represents an 8.4% (or $88.72Mn) decline relative to the same period in 2018.
• This contraction was mainly driven by a 139.9% (or $421.94Mn) increase in net loss from discontinued operations which is connected to the July 2019 closure of its Golden Grove sugar manufacturing operations. That said, net profit from continued operations increased 24.3% (or $333.22Mn) year-over-year. 
• Seprod’s stock price has fallen 13.6% since the start of the calendar year, closing Wednesday’s trading session at $44.05. At this price, the company trades at a P/E of 18.9x earnings, which is above the Main Market Distribution & Manufacturing Average of 15.2x.

 (Source: Seprod’s Financials)