Knutsford Sees Improvement in Semi-Annual Performance

  • For the six months ended November 30, 2018, Knutsford Express reported a net profit of $124.0Mn (EPS: $0.25), which represents a 36% increase over the $90.9Mn (EPS: $0.19) reported one year prior.
  • This came on the back of higher revenues which grew 25% to $555.1Mn in 2018, up from $445.4Mn.
  • The improvement in revenue was credited to continued growth in passenger ridership amidst the opening of its Sangster International Airport depot a year ago.
  • Knutsford Express stock declined by 28% in 2018 and currently trades at a P/E of 25.63x earnings which is below the junior market average 33.7x. Since the start of 2019, the stock has declined by 17%, moving from $13.00 on January 02, to close at $10.78 on Monday.

(Source: KEX Financials)