Portland JSX Limited recovers from last year’s losses

• For the year ended February 29, 2020, Portland JSX Limited (PJX) reported audited net profits of US$1.35Mn (EPS:US0.43¢), a two-fold increase relative to the $1.32Mn (EPS: -US0.43¢) loss reported in 2019.
• The main driver of this performance was a US$2.31Mn net fair value gain on financial investments reported for the year, which was up from the US$665k loss reported in 2019.
• PJX’s stock has risen 9.7%% since the start of the year and closed trading at $7.90 on Wednesday. The stock currently trades at a P/E of 13.8x, which is in line with the Main Market Financial sector average of 13.8x

(Source: PJX Financials)