Knutsford Express Reports Increased Profit in 2019
- Knutsford Express reported a net profit of $224.77Mn (EPS: $0.38) for the financial year ending May 31, 2019, representing a 6.1% increase relative to the $177.58Mn (EPS: $0.36) earned last year.
- This improvement was supported by a 23.8% growth in revenue along with an increase in finance income (267.1%) due to unrealized foreign exchange gains.
- Knutsford Express stock price has declined 14.2% YTD and currently trades at a P/E of 29.34x earnings which is slightly above the junior market average of 27.26x.
(Source: KEX Financials)