1834 Investments Off to Strong Start
- 1843 Investments reported a 61.7% increase in unaudited net profit for the three months ended June 2019. Net profit for the quarter was $18.35Mn (EPS: 1.51¢) relative to $11.35Mn (EPS: 0.94¢) reported in 2018.
- A 25.3% increase in revenues together with a 26.8% decline in administrative expenses were the main contributors to the improved performance.
- The stock has fallen 13.8% since the start of the calendar year and closed yesterday’s trading session at $1.00. The stock currently trades at a P/E of 97x earnings which is significantly above the Main Market average of 21x.
(Source: 1834 Financials)