Weaker Non-Core Income and Higher Costs Sinks CAC200 LTD. into a Loss

• Despite an 11.1% (or $57.08Mn) increase in revenues, CAC 2000 Ltd reported an unaudited net loss of $21.53Mn (EPS: -17¢) for the six months ended June 30, 2020. This represents a seven-fold decline when compared to the $3.07Mn (EPS: 2¢) made in the same period last year.
• This performance was mainly driven by a 96.1% (or $45.28Mn) drop in other income and a 4.9% (or $10.10Mn) increase in administrative.
• The stock price has fallen 39.3% since the start of the calendar year and closed at $9.10 on Wednesday. At this price, the stock currently trades at a P/B of 3.40x, which is above the Junior Market Distribution Sector Average of 3.18x.

 (Source: CAC Financials)