KLE Group in the Red

• For the nine-month period ended September 30, 2019, the KLE Group reported a comprehensive loss of $2.67Mn (EPS: -$0.027) down from a profit of $3.29Mn (EPS: $0.03) reported one year prior.
• The reported loss was due to a decline in other operating income of 34.4% (or $8.16Mn) coupled with a drop in revenues of 1.8% (or $2.77Mn). Moreover, finance and depreciation expenses grew by 18.4% (or $2.15Mn) which also supported the weaker performance.
• The stock has declined 44.1% YTD and closed yesterday’s trading session at $1.76 per share. At this price, the stock trades at a P/B of 1.58x which is below the Junior Market average of 4.54x. 

 (Source: KLE Financials)