Blue Power Profit Dips

  • For the three months concluded July 2019, Blue Power Group Limited reported a 25.9% decline in profits to $50.72Mn (EPS: $0.08).
  • The overall performance in net profit for the period was impacted significantly by a 58.3% (or $13.42Mn) decrease in net financial income which was as a result of reduced foreign exchange earnings.  Moreover, there was 3.8% (or $12.51Mn) increase in the cost of revenue which outpaced the 1.7% ($7.47Mn) growth in sales and added to the contraction in the company’s bottom line.
  • The stock has risen 88.1% since the start of the calendar year and closed yesterday’s trading session at $9.48. The stock currently trades at a P/E of 43x earnings which is significantly above the Junior Market Manufacturing sector average of 27x.

 (Source: Blue Power Financials)