Mayberry Investments Records fall-off in Profit for Q1

• For the three months ended March 31, 2019, Mayberry Investments Limited reported a net loss of $196.7Mn (EPS: -$0.13) which represents a significant fall off (-182%) from the $239.4Mn (EPS: $0.20) reported a year prior.
• The deterioration in performance is partly attributable to an increase in operating expenses (+25%) as well as net trading losses of $47.9Mn relative to net trading gains reported in 2018 of $209.9Mn. Fees and commission income also declined by 50.4% to $104.8Mn relative to the $211.4Mn recorded in the corresponding period of 2018.
• The stock has fallen 4.06% since the start of the calendar year and closed at $8.75 yesterday. It currently trades at a P/B of 0.57x earnings which is below the Main Market Financial sector average of 1.73x.

 (Source: Mayberry Financials)