Blue Power Reports Improvement in Performance

 

  • Profits for Blue Power Group Limited jumped 36.2% for the year ended April 30, 2019. Profits ended the year at $139.27Mn (EPS: $0.25) relative to the $102.24Mn (EPS: $0.18) recorded at the end of the previous financial year.
  • The improved performance was partly attributable to growth in revenues to $1.66Bn or 10.5% coupled with a movement in net finance income to $23.14Mn up from $66,184.
  • The stock has fallen 11.5% since the start of the calendar year. Blue Power Group Limited closed yesterday’s trading session at $4.46, and currently trades at a P/E of 17.92x earnings which is below the Junior Market Manufacturing Sector average of 26.48x.

(Source: Blue Power Group Financials)