iCreate Limited Losses Increase

  • iCreate Limited sunk deeper into losses for the six-month period ended June 2019. Losses for the period were $9.34Mn (EPS: $0.05) down from $3.65Mn (EPS: $7.31).
  • The most significant contributing factors to the deterioration of the bottom line were a 46.2% (or $8.19Mn) increase in administrative expenses as well as a 288.0% (or $885.71k) increase in depreciation and amortization.
  • The stock has fallen 29.4% since the start of the calendar year, closing yesterday’s trading session at $0.84. The stock currently trades at a P/B of 5.55x which is above the Junior Market average of 3.94x.

(Source: iCreate Institute limited)