K.L.E. group Recovers from Losses in Q1
- For the three-month period ended March 31, 2019, K.L.E. Group reported a net profit of $198,000 (EPS: $0.003) which represents a significant improvement over the $1.8Mn loss reported in the corresponding period of 2018.
- Improvement in the bottom line was partly attributed to a reduction in the cost of goods sold (17.6%) as well as a decline in the administrative and other expenses (6.4%).
- The stock has fallen 39.7% since the start of the calendar year. K.L.E. Group closed trading yesterday at $1.90 and currently trades at a P/B of 1.88x earnings which is below the Junior Market sector average of 3.85x.
(Source: K.L.E. Group Financials)