FosRich Company Limited Net Profit Jumps.

• For the year ended December 31, 2018, FosRich Company Limited reported a 64.5% year-over-year increase in its audited net profit to $90.39Mn (EPS: $0.18).
• A 23.6% increase in revenues, as well as improvements in ‘Other Operating Income’ (+13.1%), drove the company’s net profit growth.
• The stock has fallen 0.26% since the start of the calendar year. FosRich closed at $3.87 on Tuesday and currently trades at a P/E of 21.50x earnings which is below the Junior Market Distribution sector average of 21.97x.

 

(Source: JSE Financials)