ISP Reports a 34.1% Contraction in Q1 Profits

  • For the three months ended March 31, 2020, ISP Finance Services Limited reported a 34.1% (or $5.45Mn) contraction in net profits to $10.54Mn (EPS: $0.10) from $15.99Mn (EPS: $0.15) made in the previous year.
  • This performance was driven by a 2.0% (or $1.58Mn) decline in total operating income as well as a 5.4% (or $3.37Mn) increase in total operating expenses.
  • The stock has declined 62.9% since the start of the year and closed trading at $12.00 on Thursday. At this price ISP currently trades at a P/E of 70.6x earnings which is above the Junior Market Financial sector average of 31.2x earnings.

 (Source: ISP Financials)