1834 Investments Limited Reports Plummeting Profits
- 1834 Investments Limited’s profit took a nose dive for the year ended March 31, 2019. Net Profit ended the year at $5.54Mn (EPS: $0.46) down from $81.93Mn (EPS: $6.76) a year earlier, a decline of 93.2%.
- Revenues decreased by 38.6% to $27.87Mn, whilst other income plummeted 76.5% and together, were the main contributors to the group’s performance.
- The stock has fallen 7.8% since the start of the calendar year. 1834 Investments closed yesterday’s trading session at $1.07 and currently trades at a P/E of 2.33x earnings which is below the Main Market average of 20.35x.
(Source: 1834 Investments Financials)