Profit Soars at PBS

• For the year ended December 31, 2019, Productive Business Solutions (PBS) Limited reported audited net profit of US$2.09Mn (EPS: US$1.46), which represents a 1456.0% (or US$1.95Mn) increase in net profit relative to the previous year.
• This performance was driven by a 6.2% (or US$4.02Mn) decline in selling, general and administrative expenses as well as a 17.9% (or US$1.64Mn) decline in finance costs year-over-year.
• Since the start of the year, PBS stock price has risen 18.5%, closing Monday’s trading session at US$0.77. At this price, the company trades at a P/E of 52.7x earnings, which is above the $USD Stock Market Average of 24.6x.

 (Source: PBS’s Financials)