Higher Revenues Bolster Jetcon’s Bottom-Line Four - Fold

• Jetcon Corporation Ltd.’s net profit for the 6 months ending June 30, 2021 was $17.56Mn (EPS: $0.03), a fourfold increase over the same period last year. 
• Revenues, which grew by 31.0%($97.13Mn), was attributed to the adjustments being made to facilitate a reopening of economic activity, as countries have a better understanding of the effects of the COVID-19 virus. 
• Also supporting the earnings was a 1.9% (or $880k) reduction in total expenses due to lower administrative and other expenses. 
• Jetcon’s stock price has appreciated by 48.1% since the start of the year and closed Thursday’s trading session at a price of $1.17 per share. At this price, the stock trades at a P/E ratio of 97.5x earnings, which is above the Junior Market Distribution Sector average of 19.1x.

Source: (Jetcon Financials)